(Bloomberg) - Emerging-market stocks and currencies hastened a decline as U.S. election tallies so far suggested the outcome of the presidential election will be closer than polls had predicted.
The benchmark currency gauge fell 0.5% and the equity index declined 0.6% alongside a slide in U.S. equity futures. The Mexican peso, seen as a key election proxy, fell more than 3% against the Dollar, taking the South African rand down more than 1%. The offshore Yuan, a key barometer of U.S.-China relations, weakened 1% after gaining by as much 0.5% earlier amid speculation Democratic nominee Joe Biden would emerge victorious.
“We are going to see the market continue to swing from joy to sorrow as the exit polls come out for a while,” said Tsutomu Soma, a bond trader at Monex Inc. in Tokyo. The emerging-market proxy assets will see the wildest moves as the vote unfolds, he said.
Stocks have rallied this week amid speculation a Biden victory, and potential Democratic sweep of the Senate and House of Representatives, would allow lawmakers to pass a large U.S. stimulus plan and may reduce geopolitical uncertainty. The JPMorgan (NYSE:JPM) Emerging Market Volatility Index, a measure of price fluctuations in developing-nation currencies, rose to the highest level since late September on Tuesday.
Read more from the original article: https://www.investing.com/news...
편집됨
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.