Asian stock markets and dollar rise as US election in focus

As Asia's markets react positively to the uncertainty surrounding the US elections and potential economic impacts, foreign exchange fluctuations could benefit US dollar-denominated assets. Conversely, the election of Donald Trump, with his potential trade tariff increases, could negatively impact Chinese stocks. Investors should consider a cautious approach in their allocations towards emerging markets, especially those tied to Chinese economies.

Investing in the US markets, particularly in major ETF that monitor indices like S&P 500, should be favorable due to the ongoing support despite election uncertainties. A continuity in trade policies under Harris could stabilize markets and lead to further capital inflow.

If Trump wins, initial market responses may shift negatively towards Chinese equities due to expected tariff increases. This could lead to short-term losses, and investors may want to hedge against Chinese exposure.