have been on the rise since Election Day, fueled by hopes that the Biden administration could forge friendlier ties with foreign powers than its tariff-happy predecessor."Under a Biden-Harris administration, foreign stocks will likely be more beneficial to have in your portfolio than, say, U.S. on a relative basis just because Biden is more of a globalist," said Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.
The result "would be overall net positive growth for international markets like Europe as well as China, and that's why we saw some really strong action last week," he said in Monday's interview. Brendan Ahern, chief investment officer of China-based ETF issuer KraneShares, agreed that a Biden presidency will likely mean less international tension and fewer tariffs.
"I do believe that it is a net positive for non-U.S. equities and I think the markets are proving that out," Ahern said in the same interview. "China was a little bit of a distraction technique for Trump," said Ahern, whose company is majority-owned by a Chinese investment bank. "I think Biden was elected to focus on domestic issues, and I think that takes some of the scrutiny [and] at least dials it down a notch."
Might be depending on how many embassies in Washington are his friends and how many diplomatic staff could be changed as been friends of Trump administration as international economy is depending on diplomacy as financial security
China should benefit without a doubt. Is there a Hunter Biden ETF? That would be the ticket!
More likely China & Europe will be most beneficial and favorable
stop DISGRACING the Country the Constitution the People and the last CNBC
Biden lost the election, you guys are having a SteveHarvey moment, that's all!🙄🤦🏻👎🤢
Hahahaha is that a nice way of saying we know he sells America out? Go look at the chinese currency on election night haha. U guys r a joke