The results shows that joe Biden will win the US presidential elections 2020, so let’s see what will be positive side for India then.
The results are not yet announced the polls right now states that Biden is winning.
Anything can happen because trump has moved the court in three states over the ballot counting process.
Biden’s Presidency may not bring policies that will change the policies for big tech companies.
The market believes Biden is a less-dominant person.
Everybody believes that if Biden wins then he will for long term for US and the for the world.
There will be a possibility if Biden wins then corporate tax rate will increase.
Pankaj Pandey, Head of Research, ICICI Securities said: Biden will not be able to increase the tax from 21 per cent to 28 per cent.
Investors have been keeping a close eye on the overall seats in the House and Senate.
His victory can be perceived as growth positive in the medium-longer term.
Risky assets including emerging markets (EM) currencies will also be benefited if Biden wins.
The trade wars with china will continue but his ideas are also making alliance with some other countries as well.
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