Markets lean on 'Trump trade' as former president leads

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NEW YORK: Global investors were increasingly pricing in a win late on Tuesday for Republican Donald Trump, as the former president took a lead in U.S.presidential elections, with some battleground states yet to post results.

The results so far underscore how one of the most unusual - and tightest - presidential elections in modern U.S.history could have far-reaching implications for tax and trade policy, as well as U.S.institutions.

He was buying bank shares in anticipation that higher yields and stronger growth would benefit their earnings.Bank stocks rose 4.4% in Tokyo and outperformed the market in Australia.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaSingapore

Topics: Trump Trade Markets Harris Election Dollar /Business/Business News Treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 13:04:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 707 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23441820

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 31 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 26 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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