Biden’s win likely to boost Asian Markets
The US election has been positive for the global economy because Biden has been more or less leading in the number of electoral votes. At the moment, Biden is primed for the presidency but Trump is reluctant to step down gracefully leaving US indexes flat at closing for Friday’s session. As for STI, the index has been outperforming after last week’s continuous descent. Presumably, STI will continue to rally to the next major resistance at around 2800-2900 if Biden is officially announced the winner and declare that he will work towards more harmonious relationship with other major economies.
