Us Election Effect On Asx
Although it s less than 3 months away i think it s time to have a think about what the outcome of the world s greatest.
Us election effect on asx. Political transitions have a profound effect on stock markets. The s p asx 200 index fell 104 6 points or 1 7 per cent to 6051 as technology stocks led a session that left all sectors in the red. While the results of the impending us elections in november 2020 is yet to be ascertained possibilities of asx faring high is probable if the us market takes a positive turn post election.
As most of us would know by now the us is in election season. Well the us election is over and it wasn t the result anyone was hoping for. The effect of the us election on australian equities.
According to separate reporting in the sydney morning herald smh investors are actually cheering this outcome as it marks the return of divided government and congressional gridlock. The aussie dollar was fetching 72 99 us cents 55 33 british pence and 61 34 euro cents in afternoon. The all ordinaries index lost nearly 2 2 per cent to 6 009.
How will the election affect asx shares. The biggest company on the asx biotech giant csl inched 0 97 per cent higher to 304 92. The us election is just a day away.
They concluded that historically the asx 200 has rallied 6 9 per cent in the three months after a us election regardless of the result. The slump followed notable declines for indices on both. Financial stocks were mixed.
Here s what it means for asx shares going forward. The effect of the us election on australian equities. Election history has shown that asx tends to follow us market sentiments and s p 500.