Elections Are About to Inject Some Volatility Into Emerging Markets
- Taiwan re-elects pro-independence President Tsai Ing-wen
- Bolivia to hold election in May after fall vote was annulled
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It’s not just the U.S. presidential election that will dominate the political calendar in 2020. A slew of emerging markets face their own votes as investors embrace politics-inspired turbulence.
The first waymarker was Taiwan’s election this weekend, which saw voters convincingly re-elect President Tsai Ing-wen. In contrast with her China-friendly opposition challenger, Tsai favors continuing on a pro-independence path. The contest had added significance given the parallels with Hong Kong’s mass demonstrations against creeping Chinese encroachment.