On November 6, 2022, the vote count for the United States presidential election began, making Trump’s re-election certain. Comparing the stock market movements in Japan and South Korea, the results are mixed. It’s a bit of a punch line, but take a look at the chart below (chart taken from investing.com): ↑The candlestick chart is the Nikkei average, and the line chart is the Kospi. This is a daily chart of the Nikkei average with the daily chart of Korea’s KOSPI overlaid on it. The Nikkei average rose 2.6% from the previous day’s closing price to the current day’s closing price, while the Kospi fell 0.17% from the previous day’s closing price to the current day’s closing price. South Korea boasts that it has a “blood alliance with the United States,” but the market does not seem to see it that way. (Kashiwa Chemical @dcp) *Related thread [JoongAng Ilbo] Foreign investors sell Korean stocks as Trump is likely to win… Secondary batteries, automobiles, etc. all fall [11/6] [Insect Encyclopedia★].
>>1 The area that the Chinese people recognize as Taiwan includes the Yaeyama Islands, https: //youtu.be/6ebyhelmdfq?t=5m36s Invading Taiwan = definitely going to lead to the Sino-Japanese War.
Trump’s relationship with former Prime Minister Abe was extremely good, so his impression in Japan is not that bad, but he actually has a very strange personality. He’s also a picky eater, and will only eat things like hamburgers, but when he went to Korea, he was put off by the kimchi and other Korean food he was served.
Congratulations on your election victory again. The Democratic Party was helpless thanks to the thorough anti-fraud measures. The Japanese media is still reporting that Harris is in the lead, lol.
>>20 (=^・^=) If Trump’s comeback is confirmed, I wonder if the fraudulent electoral districts that gave Trump zero votes four years ago will be frozen out.
If tariffs are imposed on Chinese products and they are sent back to other parts of Asia, such as the US, then won’t Korean products be the ones that are most affected? I don’t know though.
Today’s results were a stark contrast, with Korea and Hong Kong sagging and Japan and Taiwan aging. It’s inevitable given Trump’s stance, but IRA will probably be withdrawn, and if things go wrong, they might even ask for the return of subsidies. What will happen to the Korean manufacturers who are invested in EVs?
Will Japan be able to succeed with Ishiba instead of Abe? I feel like it could work, but I’m not sure. Well, I guess they’ll have to buy a lot from the US.
The explanations of what would happen if Trump were elected were full of lies, far more than conspiracy theories, so many people are probably worrying unfounded.
If Trump wins, the dollar will rise, and if the yen weakens, Japan’s exports will boom and stock prices will rise, but even if South Korea becomes a wonyus, its economy will be on the decline.
If Trump becomes president, it will mean the end of China and EV, and inevitably Korea will also fall into decline and the country will become more Koreanized.
>For KOSPI, the change was “Previous day’s closing price ⇒ Today’s closing price: down 0.17%.” This is just a margin of error, and I don’t know what will happen in the future, but even without the US presidential election, there will be fluctuations of this magnitude.
>>52 I think it was because they predicted that if Trump, who advocates policies that would likely lead to higher prices, such as raising tariffs and restricting immigration, were to return to power, it would become difficult for the Fed to lower interest rates.
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