Trump Odds Have Traders Splitting Asia Into His Friends, Foes
- India is seen by many equity investors as a big beneficiary
- Southeast Asia will be in a pretty good position, Mobius says
This article is for subscribers only.
Stock traders in Asia are ramping up the Trump trade in preparation for a potential second term for the former US president, which will likely create winners and losers in the region.
Donald Trump’s “America first” policies on trade, defense and other industries would hamper the outlook of a myriad of sectors in Asia from agriculture and farm equipment to textiles and weapons production. Asian companies’ momentum in the global race for electric vehicles and chips could slow should a Trump administration follow through on his pledges.