Viewpoint: Harris's policy stance becomes the market focus

ChainCatcher news, online broker Axi analyst Hiago Duarte stated that the market's reaction to Biden's withdrawal from the U.S. presidential race depends on how investors view Vice President Harris's policies. The analyst noted that Harris's focus on expanding healthcare coverage could benefit the pharmaceutical and insurance industries, while her support for technological innovation and green energy could be favorable for stocks in those sectors. However, the prospect of increased regulatory scrutiny under Harris could negatively impact financial stocks. Nevertheless, Trump is now widely regarded as the most likely candidate to win the U.S. presidential election, which may lead to a more subdued market reaction. (Jin Shi)