They have US$448mil of assets in the region.“If you get a Clinton win, you will get a relief rally in markets so you could potentially see dollar weakness.” But the run-up to the election has seen a flight to safety.The price of gold is up 3% in a month, while shares of gold mining firms have risen. Shares in Australia’s Newcrest Mining have risen 13% in a month, with fund managers betting on a further rise should Trump win or if neither candidate emerges a clear winner.A Clinton victory represents continuity in foreign and trade policies. That could spur sell-offs in smaller trading economies such as Singapore and Taiwan, he said.“Regardless of who wins, we’re not expecting any new trade agreements. In the worst-case scenario, we lose some. “The Australian dollar, for example, and the renminbi.”Citi analysts recommend buying the yen but shorting the Korean won as a hedge against a Trump victory.

Source: The Star November 07, 2016 05:33 UTC