Following Trump's win, Aseana Partners predicts substantial gains for tech stocks, fuelled by his pro-business policies and focus on deregulation, tax incentives, and innovation.
SINGAPORE / ACCESSWIRE / November 28, 2024 / Singapore-based investment management firm, Aseana Partners has reiterated its positive outlook for the technology sector following Donald Trump's decisive victory in the 2024 U.S. presidential election.
Bullish expectations
The firm says it expects investors to enjoy considerable gains in technology stock values, driven by the market's bullish expectations for President-elect Trump's pro-business economic and trade policy measures in which he will make deregulation, tax incentives and support for domestic innovation his administration's top priority.
Prioritising business-friendly policies
In the days since the election, markets have seen investor sentiment toward technology stocks surge, reflecting optimism that a Trump-led administration will prioritise business-friendly policies aimed at boosting corporate profitability and encouraging technological advancements. This trend has already influenced the performance of technology indices including the Nasdaq 100, with analysts anticipating continued growth across key sectors, including artificial intelligence, software development, cloud computing and digital infrastructure.
"Trump's convincing win over his Democratic rival, Kamala Harris, signals a likely return to policies that foster growth in high-tech industries," said William Noble, Director of Private Clients at Aseana Partners, alluding to strategies pursued during Mr Trump's first term.
"We're expecting loosening of regulations, innovation-friendly tax structures and greater support for U.S.-based research and development-all of which bode well for technology stocks and position the U.S. market to remain competitive globally," Mr Noble added.
Additional momentum for equities
With investor confidence already enjoying a sustained boost following the U.S. Federal Reserve's 50 basis points interest rate cut in September, Aseana Partners believes that the Trump victory adds further momentum to sentiment and presents an excellent opportunity for both growth-focused and value-oriented investors to establish new positions or increase existing ones.
The firm is particularly optimistic about the potential for technology companies to benefit from a favourable corporate tax landscape and increased investment incentives, which could result in accelerated R&D efforts, corporate profitability and sector expansion.
About Aseana Partners:
Aseana Partners is an advisor-led wealth management company that redefines the traditional relationship between clients and financial advisors. A comprehensive range of services and a drive for innovation define Aseana Partners' role in shaping the future of wealth management in the Asia-Pacific region. For more information, please visit www.aseana-partners.com
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SOURCE: Aseana Partners