
US and Asia-Pacific Stocks Soar after Biden’s Election Victory
Most traders hope that Biden will reduce international conflicts and push for peace. Therefore, their reaction to the election results was positive.
Most traders hope that Biden will reduce international conflicts and push for peace. Therefore, their reaction to the election results was positive.
Because the Nasdaq is more concerned with U.S. investors, the index has commenced efforts to reduce the number of IPOs it hosts from small Chinese companies. Nasdaq is now very reluctant with approvals and support for these firms.
Trump is considering delisting Chinese companies from US stock exchanges. The move would come as part of a broader effort to limit US investment in Chinese companies and partly motivated by security concerns.
China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.