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Financial markets have recovered investor sentiment as the US presidential election leaned toward Biden's victory after a hassle.

This reflects the expectations arising from the reduced uncertainty. In the stock market, stocks related to eco-friendly new and renewable energy have surged.



This is Kwon Ae-ri.



<Reporter> The



KOSPI rose by 2.4% and broke the 2,400 mark in 20 days.



Foreigners net bought over KRW 1 trillion, leading the index to rise.



Investor sentiment recovered on the expectation that the election of Candidate Biden will remove market uncertainty.



The dollar was weak, so the won-dollar exchange rate fell close to 10 won and fell to 1,120 won.



The expectation that the Biden administration, favoring large fiscal spending to boost the economy, will be releasing massive dollars came into play.



[Seungmin Yoo/Samsung Securities Global Investment Strategy Team Leader: I had the greatest expectations that uncertainty would be resolved.

In the future, US investment is expected to increase, and (the US Senate) reflects the prospect that regulations will be eased as expectations for the Republican Party to occupy the majority are rising.] The



pace of the US economic stimulus package that was delayed after the presidential election

was reflected

in speed. It is predicted that if the Trump administration eases the trade conflict between the US and China, which went to extremes in the Trump administration, it will be positive for the Korean economy, which is highly dependent on trade.



Shares of eco-friendly new and renewable energy related companies such as batteries and solar power, which candidate Biden pledged to invest intensively, showed a sharp rise.



[Joe Biden/US Presidential Candidate: The future is ultimately about being able to breathe properly, and the (green energy industry) will deliver that future while providing quality jobs.

And the fastest-growing industries in the US are the solar and wind energy industries.] The



Biden administration's policy, which announced that it will rejoin the Paris Climate Change Agreement, which President Trump withdrew from, can also serve as a boon for promoting the'Green New Deal' in Korea. .



First of all, it is leaning toward Biden's victory, but some analysts say that it is difficult to only be optimistic about the stock market trend, as the decision to win the election is delayed and legal disputes over the results of the presidential election are realizing.



(Video editing: Kim Sun-tak)