The U.S. presidential election remains exceptionally intense until the last moment, with gold, the dollar, U.S. stocks, Bitcoin, and U.S. Treasury yields all declining. As the election results are about to be announced, market restlessness will further intensify and will shake the U.S., the world, and global financial markets.

Below are the key moments investors need to pay attention to in the next two trading days (all times are in Beijing time):

November 5 (Tuesday)

· 13:00 Voters in two towns in New Hampshire will be the first to cast their votes, marking the official start of the U.S. election voting - in the first hour after this time, the market may show initial reactions. The foreign exchange market is the most sensitive market and will stir up a frenzy in the corners, with the volatility of the dollar index influencing global markets.

· 19:00 Voting stations in various states on the U.S. East Coast open one after another, and voters begin to head to polling places to cast their votes - before the New York session opens, global market volatility will gradually erupt, reaching a peak by 23:00 that night, when the U.S. October ISM Non-Manufacturing PMI data will also be released. At the same time, traders will closely monitor the vote counting situation in each state and even each county.

November 6 (Wednesday)

· 08:30-10:00 Seven swing states will complete their vote counting during this period, which is early in the Asian trading session, and a wave of market movement is expected.

· 09:00 Pennsylvania completes vote counting, on the last day before voting, both Trump and Harris choose to campaign in this state. The election situation only became clear in 2020 after Biden secured Pennsylvania (this swing state has 19 electoral votes) - as the opening of the Chinese stock market approaches, A-shares' opening will be of great concern, as it will respond differently depending on whether Trump or Harris is elected.

· 10:00 Iowa completes vote counting (with 6 electoral votes), Trump has won in this state in the past two elections. However, the latest polls show that Harris's support in Iowa has risen by 3 percentage points, leading Trump 47% to 44%.

· 13:00 will be a key moment to witness market fluctuations, by then the voting situation will be basically determined, but if the election situation remains tight, it will take longer to wait - coinciding with the opening time of the Chinese stock market that afternoon, this will be another moment of great attention. Most fluctuations in global markets occur in the first few hours after the results are announced.

Harris campaign chair Jen O'Malley Dillon stated that the election results may not be revealed for several days.

In the absence of a clear potential winner in the election, the safest approach for investors is to remain patient.#美国大选后涨或跌？ #美国选情僵持