"Basically, we are seeing a nightmare situation come true because now we are talking about legal battles," said Naeem Aslam, analyst at Avatrade.com.
“On the one hand with the fiscal implications of a Biden win/blue wave that’s a bit of a surprise -– on the other Trump is widely considered more market-friendly, so one can see how it nets out a small positive," Innes said. In Asia, the Nikkei 225 in Tokyo advanced 1.7% to close at 23,695.23 while the Kospi in Seoul added 0.6%, to 2,357.17. India's Sensex rose 0.9% and the S&P/ASX 200 in Sydney lost 0.1% to 6,062.10.
This time around, market players are waiting to see if the election brings four more years of Trump's “America 1st" approach to trade and other policies or an administration more likely to work with other countries on such issues as climate change.
Interesting.
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Only one thing always determines the outcome of US elections: money.