The economy fluctuates due to the election of every countries but we are not conscious about election of a country influences another countries economy. Recently, The US presidential election happened. After the success of Joe Biden, The Indian stock market rose after the US presidential election results. The Indian stock market reached a kind of record number and the Sensex reached a kind of record number.
Before that due to tensions over the US presidential election have hit China's economy hard. The Chinese currency, the yuan has fallen the most in recent years. Both rivals of US presidential election have claimed victory in the election battle. The yuan depreciated 1.4 percent against the US dollar. This is the biggest fall in the yuan against the dollar since 2018.
Not only India and China many countries economy fluctuates by the effect of the US presidential election. But what the reason behind this, The United States is the most influential country in the world due to its economic strength and military capabilities. The economic situation of many countries of the world is directly and indirectly dependent on America. America imports the most products from China, Canada, Mexico, Japan and Germany. Many countries have huge Investment and trade related relationship with USA. That is why that US presidential election hit the other countries economy.