Asian markets cheer Biden win as risk appetite grows
Markets had already largely priced in Democratic candidate’s election victory
09 November 2020 - 07:28
Sydney — Shares surged, oil prices jumped and the dollar remained weak on Monday as the expectation of fewer regulatory reforms and more monetary stimulus under US president-elect Joe Biden supported risk appetite.
The Democratic candidate’s election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled US Senate since last week...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.