MANILA - Local property companies that lease out to Business Process Outsourcing (BPO) companies could benefit from a victory by Democratic presidential candidate Hillary Clinton, an analyst said Tuesday.
April Lee Tan, head of research at COL Financial, said there are a few reasons why investors favor Clinton over Republican Donald Trump.
“I think one of the reasons why people believe that Asia will not benefit from a possible Trump victory is his talk against trade between other countries and the US, like he would impose tariffs,” she told ANC's "Market Edge with Cathy Yang."
"Aside from that, he also has plans to impose tariffs on the BPO sector," she added.
Philippine shares are in the green in step with a big jump in US shares overnight.
The Philippine Stock Exchange is playing catch up to a region-wide rally that started when the Federal Bureau of Investigation decided to end its probe into an email scandal involving Clinton. -- With Warren de Guzman, ABS-CBN News