[Anchor]
As the possibility of former President Donald Trump's election in the U.S. presidential election has grown, Trump's beneficiary stock, "Trump Trade," is strong.
On the other hand, the beneficiary stocks of Vice President Kamala Harris are relatively weak, and the investment market is also fluctuating in the face of the presidential race.
I'm correspondent Lee Seung-yoon from New York.
[Reporter]
The so-called "Trump Trade" is gaining momentum in the asset market as the chances of former President Donald Trump, the U.S. Republican presidential candidate, have risen.
In other words, it is investing in Trump beneficiary stocks, and virtual currency and dollar are typical.
Trump's election to turn U.S. into virtual currency capital grows,
The price of Bitcoin, the cryptocurrency market in
has risen from $52,000 last month to $67,000 recently.
The dollar is also expected to rise in value as interest rates rise if prices rise as the 20% universal tariff pledge becomes a reality when Trump is elected.
The dollar index, which represents the value of the dollar against six major currencies, including the euro and yen, fell to the 100th level last month and then crossed the 103rd level.
Bank stocks and energy stocks that expect to ease restrictions, Trump Media, a major shareholder of Trump, and Elon Musk's Tesla, a Trump supporter, are also considered beneficiaries.
[Donald Trump / Former U.S. President: Our trade policy will make America richer. Someone like Elon Musk is supporting me as I look to the future.]
On the other hand, the Harris Trade, or Vice President Kamala Harris' beneficiary, is eco-friendly energy companies.
[CAMALA HARRIS / U.S. VICE PRESIDENT: We have invested $1 trillion in reducing greenhouse gases, responding to the climate crisis, and a clean energy economy over the next 10 years]
Harris beneficiary states have recently weakened as Trump's chances of winning the election grow.
However, experts advise that the polls are close and that the stock market's upward trend, which has lasted for more than three months, is in the ruling party's favor, so the conclusion is too early.
With the U.S. presidential race so close, uncertainty in the market is growing as election day approaches and the investment market is fluctuating.
I'm YTN's Lee Seungyoon from New York.
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