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Stock markets will fall dramatically if US election results contested, Mark Mobius warns

Also on rt.com

FILE PHOTO © Global Look Press /dpa / Oliver Berg
Biden victory could fuel US money-printing & stock market bubble – Peter Schiff

He explained that if the dispute is taken to the Supreme Court, the process of determining a winner could be “drawn out” and create more uncertainty, which markets “hate.”

The 84-year-old fund manager pointed out that a Trump win is a more “favorable” outcome for the markets and “It’s really all about tax.” 

“As you know, Trump is promising another major tax cut. The Democrats have not said that, and they plan to raise tax on the so-called rich people and on corporations. So, that is really the big, big issue going forward,” said Mobius.

For more stories on economy & finance visit RT’s business section

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