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Volatile markets after US elections

Volatile markets after US elections

KS predicts delayed results and chaos

Stock market volatility is likely as results of the US presidential election could be delayed because of mail voting, possibly leading to legal challenges, says Kasikorn Securities. (Photo by Pornprom Satrabhaya)

Stock market volatility is likely to heighten this week as a delay in the US presidential vote count could happen because of the persistent Covid-19 outbreak, analysts say.

Passakorn Linmaneechote, head of research at Kasikorn Securities (KS), predicts former vice-president Joseph Biden will win the election and the Democratic Party to take over the majority of both houses of Congress.

However, a large portion of voting has been done by mail, which could delay counting in…

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