Reported 8 months ago
French bank BNP Paribas Wealth Management Asia's investment strategist Prashant Bhayani suggested investors not to change their views on the stock market due to the US presidential election, mentioning that historically, the market tends to rise by 11-12% on average after presidential elections, with uncertainties before the elections easing. Bhayani also indicated that if Trump is re-elected, he would continue Biden's chip law, benefiting the oil and gas industry. The bank also provided insights on various asset performances in the first half of the year, highlighting the strong performance of individual stocks, with Nasdaq and Taiwan Stock Exchange showing impressive returns.
Source: YAHOO