奥巴马连任对亚洲股市影响不大 whether, 股市影响, 奥巴马连任, 亚洲

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Asian markets were little changed as President Barack Obama was re-elected to a second term.

美国总统奥巴马连任对亚洲股市影响不大。

There are concerns whether Mr Obama and a Republican-dominated Congress will be able to negotiate a way to avoid the so-called fiscal cliff.

The cliff will see nearly $600bn of tax increases and spending cuts hit the US economy in January.

Japan's Nikkei 225 index ended the day flat, South Korea's Kospi rose 0.5% and Australia's ASX 200 gained 0.8%.

The fear is that the tax increases and spending cuts that could be enacted if there is no agreement over deficit reduction may derail a fragile US economic recovery, and in a worst case scenario even push the economy into a recession.

"We head into the fiscal cliff, trying to find compromise where it wasn't possible before," said Rob Ryan, director of markets strategy, Asia-Pacific for Royal Bank of Scotland in Singapore.

Broader concerns

The spending cuts and increased taxes are not the only concern among investors.

The US economy has been battling various other issues, not least the high levels of unemployment in the country, which have dented consumer sentiment and impacted growth.

Despite encouraging jobless numbers last week, unemployment continues to hover close to 8%.

There are concerns amongst some analysts that the jobs market may not improve anytime soon and that the recovery in the US will remain weak.

That does does not bode well for Asian economies as they rely heavily on US demand for exports​ and overall growth.

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kobe

That's great!