"Who Will Become President to Boost Stocks?"... Investors and Netizens Also Keenly Watching the US Election

[Image source=Yonhap News]

[Asia Economy reporters Yoo Byung-don, intern reporters Kim Dae-hyun, Kim Sung-won] "Donald Trump must win the U.S. presidential election. Only then can uncertainty be removed and (stocks) rise. If Joe Biden (Democratic presidential candidate) wins, Trump's refusal to concede is 100% certain, and the economic stimulus package will be delayed, plunging us into unpredictable turmoil."

This post was uploaded on the securities board of a domestic online community on the 2nd. On this board, questions such as "Where is Wall Street's money betting between Trump and Biden?" and posts like "I hold some Biden-themed stocks (related to the Green New Deal) in domestic stocks, and I'm curious about what will happen depending on the U.S. election results" were posted. A comment replied, "(Wall Street money) is said to be flowing toward Biden. It seems eco-friendly stocks are popular."

On the 3rd (local time), as the 2020 U.S. presidential election began, domestic netizens are also on high alert. This election, regarded as "the most important election in U.S. political history," is expected to have a significant impact on the global stock market, where an investment craze is so intense that the new term 'Joorini' (stock investment beginner) has emerged.

Especially, the 2030 youth generation, who led this year's stock investment craze, are debating the prediction of the U.S. election results. On the university community Everytime, a post by Kim (23), a student at Korea University, titled "Should I take out or put in U.S. stocks? I just can't predict the election," was uploaded. Then, Hong (22) from Korea University's value investment club KUVIC wrote, "Once the U.S. election ends, uncertainty will definitely be removed, but with the U.S. stock market already collapsing due to the resurgence of COVID-19, a V-shaped rebound will be difficult, and I am betting on a decline in the KOSPI market."

The U.S. election fever is also hot on social networking services (SNS) and online platforms. On a stock-related cafe on a portal site with about 240,000 members, a post stated, "Uncertainty will continue regardless of who wins," and "I think there is a high possibility of a rise in December and a high possibility of a decline until the first half of next year." This post received 119 comments, sparking heated debates among netizens. On the overseas stocks gallery of the popular community DC Inside, a question titled "Will crude oil prices rise if Biden wins?" received an answer saying, "If Biden wins, prices will crash; if Trump wins, there will be a slight rebound."

There are also growing opinions that the U.S. election results will affect major domestic economic policies. On a stock cafe on a portal site, regarding Democratic Party leader Lee Nak-yeon's response the day before about the "capital gains tax major shareholder criteria," saying "The government will observe the stock market for a few more days and announce a concrete plan at an appropriate time," a post suggested that the major shareholder tax requirements will change depending on the U.S. election results. User 'Black**' wrote, "If the U.S. election leads to a refusal to concede and uncertainty grows, it will act as a major negative factor for the stock market, and to avoid a bigger shock, a 300 million KRW major shareholder grace period will be granted," adding, "If the U.S. election proceeds smoothly and acts as a positive factor for the stock market, it is expected that the (major shareholder tax criteria) will be pushed to 300 million KRW or changed to 500 million KRW." He also added, "The best scenario is a 300 million KRW major shareholder grace period, a clear winner in the U.S. election, and Democratic control of the U.S. Senate if Biden wins."

This content was produced with the assistance of AI translation services.