SHANGHAI/HONG KONG (Reuters) – China’s new energy shares and Apple suppliers led the gains in the A-share market on Thursday, while defence companies lost ground, as early returns from the U.S. election pointed to a win for Democratic challenger Joe Biden.
While analysts expect little change in U.S. policy toward China whatever the outcome, a Biden administration is expected to bring a more nuanced, multilateral approach to trade and a less hawkish foreign policy toward developments in the Taiwan Strait.
Democrat Joe Biden on Wednesday predicted a U.S. election win over President Donald Trump after pivotal victories in Michigan and Wisconsin, while the Republican incumbent sought to offset a narrowing path to re-election with lawsuits and demands for a recount.
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