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Jakarta, CNBC Indonesia – Commodity stock prices managed to skyrocket in trading today after a poll that favored Democratic candidate Joe Biden as the winner of the US presidential election.
The positive sentiment for the global capital market if Biden is elected, of course, with Biden’s attitude that tends to be more lenient towards China and other countries, of course, opens the opportunity for the trade war to end soon. And of course this is a good thing for raw materials.
Also, one of the commodities whose export targets is the United States, such as palm oil, on which, of course, Trump can impose high tariffs and import duties.
Watch the movement of commodity stocks today.
Of the basic palm oil product, also known as CPO, 5 palm oil emitters have been observed to be green and only 1 is stagnant.
The increase itself was led by PT Astra Agro Lestari Tbk (AALI), a subsidiary of Astra Group in the CPO sector, which managed to increase 1.65% at a price level of IDR 10,775 / unit.
Meanwhile, the yellow zone is only full of CPO issuers that are stagnant, only PT Eagle High Plantations Tbk (BWPT), which is stationary at a price of Rp 96 / unit.
As for the coal commodity, the emission also managed to rebound with 5 emitters that were green and 1 was stagnant.
The increase was led by PT Adaro Energy Tbk (ADRO), which managed to jump 1.33% to the price level of 1,145 IDR / unit.
PT Delta Dunia Makmur Tbk (DOID), which lives in the yellow zone, is full of carbon emitters that are stagnant at a price of Rp.234 / unit.
Previously reported, dIn recent days, Biden’s lead has widened, especially in the three major states (Rust Belt) that Trump won 4 years ago, according to a Reuters / Ipsos poll released on Sunday.
Biden led Trump by 10 percentage points in Wisconsin and Michigan, and 7 points ahead in Pennsylvania.
Biden also leads Trump in all three states in all weekly Reuters / Ipsos polls that begin in mid-September, and his lead has increased in all states over the past 2 weeks.
Reuters / Ipsos is currently conducting voter polls in six states – Wisconsin, Pennsylvania, Michigan, North Carolina, Florida and Arizona – which will play a key role in deciding whether Trump wins a second term or is replaced by Biden. .
State victory battlefield states where there are many undecided voters in that state it becomes very important in the US presidential election because the winner of the US presidential election is not determined by popular votes rather, the couple that wins in the most states will get the total electoral votes the state.
PT Samuel Sekuritas Indonesia’s head of research, Suria Dharma, warned that Biden’s election would increase the risk of political tensions between the United States and Russia.
So the green energy policy that Biden will implement will also provide benefits for Indonesia. The reason is that there is a potential for increased demand for nickel for the production of electric vehicle (EV) batteries. Until now, Indonesia remains the world’s largest nickel producer.
“Yes Biden [menang]”Commodity stocks that received positive sentiment such as nickel and gold,” said Suria.
Meanwhile, if Donald Trump returns to the helm after this presidential election, the same conditions will continue today. The opportunity for a trade war is also expected to continue.
CNBC INDONESIA INVESTIGATION TEAM
[Gambas:Video CNBC](trp / trp)
