Biden's exit from White House race causes uncertainty among China's stock traders

From Google: 2024-07-24 19:30:10

Joe Biden’s departure from the White House race has led to uncertainty among China’s stock traders. The former Vice President was seen as a moderate candidate who could have posed a threat to President Trump. This uncertainty has caused Chinese stocks to fall, with the Shanghai Composite Index dropping 5% after the news. Investors are now waiting to see who will emerge as the Democratic frontrunner and how this will impact US-China relations.

Biden’s decision to drop out of the race comes ahead of the crucial Super Tuesday primaries. His exit has left many Democratic voters scrambling to find a new candidate to support, with some turning to Bernie Sanders or Michael Bloomberg. The news has also sparked concerns among Wall Street investors, who see Biden’s moderate policies as more market-friendly compared to the more progressive agendas of his rivals.

The impact of Biden’s exit on US-China relations remains to be seen. While Biden was seen as a candidate who could potentially ease tensions between the two countries, his departure has left investors uncertain about the future. The ongoing trade war and other geopolitical issues between the US and China continue to weigh on market sentiment, with many waiting to see how the presidential race unfolds.

Overall, Biden’s exit from the White House race has had a significant impact on China’s stock traders and global market sentiment. The uncertainty surrounding the Democratic primary and its implications for US-China relations has led to increased volatility in the markets. Investors will be closely watching the remaining candidates and their policies to gauge how this will affect trade and geopolitical relations moving forward.



Read more at Google: What does Biden’s exit from the White House race mean for China’s stock traders? – South China Morning Post