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With less than a week away from U.S. Election Day, who will emerge victorious and what does this mean for markets? Banks share their views with finews.asia.

While the polls would have casual watchers believe an easy landslide for Joe Biden is coming without a fight, the banking industry is less set on a sure win – or in some cases, a win at all, initially. 

In addition to the makeup of the Congress, the count from mail-in voting will be a highly controversial matter with expectations of record-high figures (83 million, according to the University of Florida). Coupled with a heavy skew towards lockdown-oriented Democrats, various research institutes indicate strong Republicans backing if Donald Trump’s challenges the outcome and claims voter fraud.

So how will this all play out? Who will ultimately win it all? What will this mean for markets, especially in Asia where U.S. foreign policy is having an unprecedented influence? finews.asia finds out what banks are telling their clients.