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DECLARATION BY THE HOLDER OF THE PRESIDENTIAL OFFICE OF TAIWAN
“President Tsai, after receiving the news, sent his best wishes to the US government through diplomatic channels, hoping that President Trump and his wife can make a quick recovery with the professional care of the medical team.
SHANE OLIVER, HEAD OF INVESTMENT STRATEGY, AMP CAPITAL, SYDNEY
“There could be a vote of sympathy for Trump if he catches the coronavirus.
“The market is already a little nervous because of the next elections and the failure of negotiations to achieve a new fiscal stimulus.
“You can imagine all kinds of scenarios here. If he tests positive and shows only mild symptoms, it will be over in a few days. If he gets sick and has to go to the hospital, the market will be much more concerned. Obviously, as long as the campaign comes to a halt, this could increase fears of losing the election.
“Generally speaking, the market prefers the incumbent to win and the general preference has been for Trump to win because it will mean lower taxes and less regulation than a Biden presidency.
“But the whole issue of fiscal stimulus is complicated because, if Trump loses and the Democrats win and take control of the Senate and the House, that makes fiscal stimulus secure, which will offset the impact of the hikes. taxes. The market would likely be happy to see a Biden presidency with a clean sweep. ”
NAOYA OSHIKUBO, ÉCONOMISTE SENIOR, SUMITOMO MITSUI TRUST ASSET MANAGEMENT
“Trump is lagging behind Biden and he clearly failed to close the gap after the first debate, which is the most important of the three debates. I suspect the markets will lean towards the idea that Biden will likely win the election.
“What worries me is that he becomes even more aggressive against China after catching the virus himself, because I had the impression that British Prime Minister Boris Johnson has become more anti-China after having COVID-19.
“At the moment, it will be difficult for financial markets to be in a risky mood.”