Trump or Harris win will impact market differently, say analysts
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Equity analysts are divided on the impact of the US presidential election on markets; Trump proposes tariffs of up to 20% on imports and 60% on China goods, while Harris plans to raise corporate tax from 21% to 28% and capital gains tax for high earners; analysts believe a Trump win could boost markets, citing past performance post-2016 election; Harris' victory may lead to short-term market pullback; FBM KLCI was up 11.03% year-to-date at 1,615.06 points; analysts maintain year-end targets for FBMKLCI at 1,750 and 1,690; Rakuten Trade raised its target to 1,780; IMF projects global growth at 3.2% for 2024; market sentiment remains cautious ahead of election.

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