The sectors — and stocks — to buy in Asia after Trump's win, according to analysts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 85%
  • Publisher: 72%

Donald Trump News

Kamala Harris,Taiwan Semiconductor Manufacturing Co Ltd,Yum China Holdings Inc

'At face value, Trump 2.0 is bad news for Asia, esp[ecially] China,' Macquarie Research analysts said, but they remains bullish on a number of stocks.

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "At face value, Trump 2.0 is bad news for Asia, esp China," analysts at Macquarie Research wrote in a Nov. 7 note, given the president-elect's plans to raise tariffs and cut taxes. "When passed, the will sweep across Asia, particularly China should spike volatility and compress multiples as uncertainty prevails.

Touching on the impact of potential tariffs on imports — especially from China — into the U.S., the strategist believes the "direct earnings impact ... is likely to be limited, given more than 85% of MSCI China's primary revenue comes from mainland China." "While slower exports would impact domestic investment and consumption indirectly, Beijing's fiscal and monetary policies could offer some offset.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks muted as Trump rally cools; Fed, China stimulus in focusAsia stocks muted as Trump rally cools; Fed, China stimulus in focus
Source: Investingcom - 🏆 450. / 53 Read more »

China stocks rise on better-than-expected PMI data amid broad declines in Asia marketsAsian traders assessed third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers' index reading for October.
Source: CNBC - 🏆 12. / 72 Read more »