Business
Here’s how ASX investors have reacted to a Biden win // Motley Fool Australia
Last week’s US presidential elections have resulted in a win for Democratic candidate Joe Biden. Mr. Biden was, of course, running against the incumbent Republican President Donald Trump. After an initially unclear election result, Biden was declared the eventual winner on Sunday (our time), and has since assumed the title of ‘President-elect’.
How has the market reacted to this news? Very well, if the numbers are anything to go by.
Since 4 November (the date of the election in Australia), the S&P/ASX 200 Index (ASX: XJO) is up 6.1%. That’s pretty close to the long-term average the ASX 200 delivers in an entire year (according to State Street Global Advisors, the ASX 200 has returned an average of 7.53% per annum since…
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