PUBLISHED : 24 Oct 2024 at 06:19
Transport and industrial estate stocks are expected to benefit if Donald Trump wins the US presidential election, while manufacturers of petrochemicals, electrical equipment, steel products and auto parts could see competition intensify from Chinese exports, says Asia Plus Securities (ASPS).
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PUBLISHED : 24 Oct 2024 at 06:19
Transport and industrial estate stocks are expected to benefit if Donald Trump wins the US presidential election, while manufacturers of petrochemicals, electrical equipment, steel products and auto parts could see competition intensify from Chinese exports, says Asia Plus Securities (ASPS).
With less than a month before the US vote on Nov 5, Democrat Kamala Harris and Republican Mr Trump are in a neck-and-neck race.
There are signals that former president Mr Trump may win the election, as he leads Ms Harris in some polls, ASPS said in a research note.
“Protectionism against China is one of Mr Trump’s flagship policies,” the brokerage noted, adding a Bank of Thailand study found exports to the US…