On the other hand, the Republicans and especially the unknown Trump’s stance on South Africa relations are less clear.
“Republicans haven’t been particularly disposed to South Africa and Africa. The US might be more inclined to take a harder stance under a Republican administration,” Gilmour said.
South African equities strengthened Monday after markets ended the week prior at an eight month-low, following three days of loses.
“Guys are a bit nervous by just how much Trump is going to shake up the regulations if he wins. This is why every time he seems to be in the lead the markets tend to wobble,” BP Bernstein trader Vasili Tirasis told Reuters.
The emerging market, though, rebounded after FBI Director James Comey said the agency maintained a July conclusion that it wouldn’t push forward with criminal charges against Clinton over e-mails from an unauthorized server.
For more information on the South African markets, visit our South Africa category.
iShares MSCI South Africa ETF