Biden victory seen as positive for Asian equities: analysts

Singapore counters that may benefit are Hi-P, Valuetronics, China Aviation Oil, HPHT

Published Tue, Nov 3, 2020 · 09:50 PM

Singapore

A VICTORY by Democratic candidate Joe Biden over President Donald Trump in the US election will be seen as positive for Asia equities, said DBS Group Research on Tuesday.

In a monthly strategy report, the research team noted that Mr Biden is likely to end the United States' trade war with the EU, and adopt a more open and negotiable approach with China with tariffs being reconsidered or removed.

This would be positive for Asia and especially Singapore, given the city-state's small and open economy, wrote analysts Yeo Kee Yan, Chung Wei Le and Janice Chua.

Companies that have production facilities in China and sales exposure to the US are some of those poised to benefit from a Biden victory, th…