BlackRock Inc CEO Larry Fink said Joe Biden’s victory in the US presidential election should encourage investors, who want stability and an easing of geopolitical tensions.
“They’re looking for a voice that moderates, not a voice that incites,” Fink said at a Bloomberg New Economy Forum event broadcast on Nov 19 in Hong Kong. “President-elect Biden can be that voice of reason.”

The S&P 500 rose 1.2% in the first trading session after Biden was declared the winner of the election. In his acceptance speech, he pledged to unite and heal a country ravaged by the Covid-19 pandemic and partisan hostility.

“The marketplace is encouraged by having a leader now that is more inclusive, a leader that could probably bring a little more global harmony,” said Fink, 68.
BlackRock, the world’s largest asset manager, oversees more than US$7.8 trillion.

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