MANILA -- What will a second Donald Trump win in the US presidential elections mean for the Philippines?

Trump claims victory over Harris in US presidential election

Stock market analyst and BDO Capital President Ed Francisco said he still sees bright spots in the global market with potential Trump presidency.

"They might have increased tensions in China, but in a way, that doesn't mean that (business process outsourcing companies) will get hit anyway, because they really need us, so we are very strategic to them," Francisco said.

"So I'm not really concerned with that," he said.

"I think they'll be--as the economy should grow, then there'll be more opportunities for us to do business there. So it's also positive from that perspective, especially our services and maybe some of our exports, will have new markets in the US," he added.

He noted, however, that a Trump win may hurt China's growth.

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Trump, in his term as the 45th president of the United States, worsened a trade war with China by imposing tariffs on Chinese goods.

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"I would be a little worried if I were Xi Jinping and his people, because, yeah, that it will accelerate the [trade] war there, or at least their problems," Francisco said.

"It would mean that their…perceived or their planned growth will be slower. That will also affect us, because we're also a major trade partner of China," he noted.

Trump has claimed victory and pledged to "heal" the country as results put him on the verge of beating Kamala Harris in a stunning White House comeback.

US networks have called the swing states of Pennsylvania, Georgia and North Carolina for the 78-year-old, and he led the Democratic vice president in the others although they have not been called yet.

In a further blow to Democrats, Trump's Republican Party also seized control of the Senate, flipping two seats to overturn a narrow Democratic majority.

A Trump victory threatens to cause shockwaves around the world, as US allies in Europe and Asia fear a return of his nationalist policies and his praise of autocrats like Russia's Vladimir Putin.

But the US dollar surged and bitcoin hit a record high while most equity markets advanced as traders bet on a victory for Trump as the results rolled in.

--ANC, 6 November 2024, with reports from Agence France-Presse