With less than two months left for the U.S. presidential election, Asian investors are weighing its potential impact on markets in the region. Joe Biden has a 75.7% chance of winning, according to the Sept. 17 run of poll aggregator FiveThirtyEight’s election forecasting model. “Japanese equity investors may reduce their exposure to names with high U.S. sales exposure if a Biden victory looks increasingly likely, given the perceived policy uncertainties." Advantage IndiaConversely, India is seen emerging as one of the biggest beneficiaries from the U.S. election, irrespective of the outcome, according to UBS Group AG. That takes into account factors like trade and foreign policy, Fed policy and fiscal spending on infrastructure.

Source: Mint September 21, 2020 01:06 UTC