Rob subbaraman, head of global macro research at Nomura Securities, believes that if presidential candidate Biden wins the November election, it will be good for Asia, but bad for the US stock market. “Biden’s election as president, if he can win, will lead to more determined decision-making, diplomatic decision-making,” he explained. This is very scarce in the United States at present, and I think there will be more alliance building. I think it will benefit the region more generally. ” He added that Biden’s presidency would likely focus on tax increases and tougher measures on technology companies, which would be “more detrimental” to the U.S. market than elsewhere.