How's The Effect of Biden's Win Towards Jakarta Composite Index

Public put high hopes to Joe Biden as a man who can bring luck especially for middle income in the country. Donald Trump trickle down strategy to funding the big firms and tax cuts is a horrible policy decision for the low middle income workers. 

Afterwards, Joe Biden also wanted to join again the Paris Climate agreement which was withdrawn in 2017 by Donald Trump to realize his commitment to building a clean US ecosystem by preparing modern infrastructure that uses environmentally friendly energy. This will lead to a sustainable based company that can bring funds and invest in Indonesia. 

In terms of Jakarta Composite Index (JCI),Joe Biden as the 46th elected president of the United States has his own interests and the world is counting on his move to bring more politeness to the White House. The public has high hopes for Joe Biden as a figure who can bring good luck, especially to middle-income people in Indonesia. 

Donald Trump's trickle-down strategy to fund large corporations and cut taxes is a dire policy decision for lower-middle-income workers. After that, Joe Biden also wants to rejoin the Paris Climate agreement that Donald Trump withdrew in 2017. This will lead to sustainable based companies that can raise funds and invest in Indonesia. 

In terms of the Composite Stock Price Index (JCI), issuers that play a role in nickel-based mining such as ANTM, for example, can become one of the currently recommended stocks, because ANTM is involved in the production of electric car batteries with Pertamina and PLN. This is evident from the response of investors in the capital market which made this stock experience a 10.22% increase in price at the time of Joe Biden's victory announcement. After the electoral college announcement, domestic investors are expected to reinvest and recover from the severe volatility previously caused by the COVID-19 pandemic. 

After the electoral college announcement, domestic investors are expected to reinvest and recover from the severe volatility previously caused by the COVID-19 pandemic. 

The former 47th vice president of the United States, who is also concerned about fighting this epidemic, is not only wearing a mask but also acknowledging the findings of scientists recently. 

After the announcement of electoral colleges, domestic investors hopefully can reinvest and rebound the previous severe volatility due to COVID-19 pandemic. 

This former 47th vice president of the United States, also put a high concern in fighting this epidemic not merely putting a mask on but acknowledged the recent scientists findings. 

For our knowledge, recently there are two of the biggest vaccine companies in the US namely, Pfizer and Moderna which announce their vaccine has an effective rate over 90%. This report can bring hope that by 2021 Indonesia stocks will have an enormous improvement specifically in pharmaceuticals. 

After that this senator from Delaware is likely to fix the diplomatic tension between his country and China. Joe is known for a leader who spent "more times in private meetings" with Chinese leaders, Xi Jinping according to TIMES.  He can propose truce between the trade wars. Therefore, the free-market trade relations can emerge and of course can loosen the rigidity in supply chains around the world.
And for Indonesia, it will be beneficial for the multinational firms who depend on supply chains. It can bring value added goods to be exported and increase the aggregate income for the country. The stocks market will likely overcome the problem about this complicated supply chain market and hopefully will rise again in the first quarter in 2021.