Here are the latest developments:
- America’s global image as a model for other democracies to follow has another burial.
- The increasingly profound division on display in the United States left America’s allies and friends in pain.
- President Trump’s surprisingly strong performance, despite mishandling the coronavirus pandemic, left many puzzled and questioned whether Trumpism would stay here.
- Asian markets overcame volatility to record decent gains, with Japan̵7;s Nikkei 225 reaching a nine-month high and Hong Kong’s Hang Seng index rising more than 3%.
Asian and European stock markets rejected the prospect of a controversial and controversial US election result to record further gains on Thursday, but America’s global image as a model to emulate other democracies has taken another hit, especially among global allies.
In Japan, America’s closest ally in Asia and a country with a post-war constitution largely written by Americans, the slow vote count dominated TV news and left many viewers with pain .
Its Mainichi newspaper lamented the “chaos and divisions” surrounding elections and said events even questioned the “intrinsic value of democracy.”
“Although the riots once feared did not take place on election day, we are surprised that this is the reality of the United States, a country that is seen as a model democracy for Japan,” it said. write in an editorial. “The responsibility of causing divisions and amplifying confusion lies with Mr. Trump.”
After Trump misstated his victory before the votes were counted on election night, he spent much of his time on Wednesday leveling the allegations of election fraud without proof. His campaign has since published legal challenges to determine which votes will be counted. The days of battles between the court and political turmoil lie ahead. Many people fear violence.
Is the role model no longer available?
American leaders preach about human rights and global democracy when the country’s political system is influenced by money and divisions, and their own foreign policy performance is marked by in favor of dictators and their own economic interests, always brings a little more hypocrisy to many observers.
Anand Mahindra, a prominent industrialist in India on Thursday commented that while the electoral process “is a unifying force” in his country, the US electoral system has had the opposite effect. is again in the United States and is “deepening” polarization.
The idea of American democracy, albeit imperfect, is still something that can inspire.
“America represents optimism, forward looking and ideas,” said Tatsuhiko Yoshizaki, chief economist at Sojitz Research Institute in Tokyo. “However, for the past four years, we have seen the dark side of the United States.”
In Korea, another US ally, the divisions on display in the United States have set a painful example of their own democracy, which has also become extremely polarized.
The Seoul Shinmun newspaper wrote in an editorial: “The chaos in the so-called advanced democracy of the United States raises concerns that we are not much different,” the Seoul Shinmun wrote in an editorial. , urges the Korean public to keep their leaders accountable.
“Even though there are third-class politicians, if the Korean people show first-class manners, we can create a better democracy than the United States.”
In France, however, made a hopeful assessment on Thursday, saying that the country’s strong democratic values will ensure accurate results. Jean-Yves Le Drian told radio Europe 1: “I have faith in US agencies validating the results of the election.
Governments across Asia are hardly making any meaningful comments, preferring to wait until a candidate fails.
But the press is not so careful.
Trump’s victory speech as the votes were still counting raised alarm in India, the world’s most populous democracy.
The move marked a “clear authoritarian turn” that overshadowed “a relatively peaceful electoral exercise in the world’s oldest democracy,” The Hindu newspaper wrote in an editorial. Trump’s statement made a requirement that legally voted votes did not count, which meant “an unprecedented attempt at mass voter suppression,” it wrote.
In Indonesia, the social network was buzzing with Trump’s announcement of an early victory, a move reminiscent of a hopeful president in their country, Prabowo Subianto, who failed last year’s election but still continue to declare victory and encourage his supporters to protest. The former army general is now defense minister.
In China, a number of publications took the election opportunity to denounce the shortcomings of the US system.
An editorial in Hong Kong-based Ta Kung Pao, controlled by the city’s liaison office in the city is now just a “joke” with “double standards”.
“One can feel anxious about the potential chaos when one sees metal fences and security hastily installed around the White House,” the editorial said. “The US election has become a global joke.”
However, Chinese Deputy Foreign Minister Le Yucheng expressed hope on Thursday for the repair of bilateral relations after the election. “I hope the new US administration will meet China halfway through,” Le said, according to CNBC, despite “disagreements between China and the US”.
Meanwhile, Kremlin spokesman Dmitry Peskov warned that election uncertainty could have a negative impact on the world economy, adding that Russia would wait “for some clear things. “before responding to the results.
The market is still strong
However, Russia’s concerns about the negative effects of the economy were not reflected in world markets on Thursday.
Indeed, the feeling that the victory for Joe Biden – which seemed more viable after he won Wisconsin and Michigan – could provide some respite from the fierce competition between Beijing and Washington has helped spur the push market share in China. The Shanghai Composite Index rose about 1.3% while the Hong Kong Hang Seng Index rose more than 3.2%.
Elsewhere in Asia, Japan’s Nikkei 225 index surpassed 24,000 for the first time in nine months, closing about 1.7% higher. Seoul’s Kospi Index rose about 2.4%, fueled by the idea that a political deadlock in Washington, likely a Democrat in the White House and Republicans still in control of the Senate, reduces the likelihood that regulations will affect the IT sector. In Europe, the FTSE 100 and STOXX 600 also increased after the market opened.
Chris Weston, head of research at Pepperstone Group in Melbourne, said: “All this talk about a controversial election is expected to cause huge upheaval. “We don’t see that at all. The market is seeing this as a smooth solution: That Trump can recount, it will come to the same outcome. He can put his lawyer into the game, and it won’t change the outcome. “
America is surrounded by crisis
Elsewhere in the world, overseas news agencies focused on the vote tally dispute in their Fifth edition.
Vatan Emrooz, an Iranian conservative newspaper, ran a picture of Trump underneath the words “They stole my votes” and a picture of Biden and the words “All votes must be counted. . ” Another Iranian newspaper, Shargh, published pictures of both candidates titled “Quarrel.”
The National, one of the United Arab Emirates’ state-owned English daily newspapers, laments the divisions in the United States amid pandemic, economic crisis and now election.
“At a time when the whole country should regroup with what the British call the Blitz spirit, the streets of many cities have become the backdrop for what appears to be the beginning of civil conflict, ”It wrote in an editorial.
Another UAE newspaper, the Gulf News, carried a political caricature showing an American figure entering a dark tunnel labeled “constitutional crisis”.
Other countries were puzzled that the coronavirus did not appear to be a bigger electoral problem, even as Wednesday saw new daily cases of coronavirus in the United States surpassing 100,000 people for the first time. .
According to an editorial on New Zealand’s Stuff news site, Trump committed “chronic mishandling of the covid-19 pandemic, but like so many other aspects of this unpredictable pandemic year, it’s hard to do. say what its role is. played at the end result. “
But at least in one country, the US election does not seem to cause any ripples. North Korean state media did not mention Thursday’s vote at all, and instead focused on the Supreme People’s Council meeting discussing anti-smoking tightening laws.
Denyer reports from Tokyo. Paul Schemm in Dubai, Akiko Kashiwagi in Tokyo, Min Joo Kim in Seoul, Shibani Mahtani in Hong Kong, Isabelle Khurshudyan in Moscow and Joanna Slater and Niha Masih in New Delhi contributed to this report.