[Reuters on the 25th]-Democratic members of the US Congress officially announced the start of investigation into the impeachment of US President Trump, the US financial market has become a nervous development, but looking at history, investors You may not have to worry about that.
In the months before the US President Nixon was forced to resign in 1974, the US stock market fell sharply and the dollar also plummeted.
However, according to John Norman of JP Morgan, the background of the market turmoil was the stoppage of money and dollar conversion by Nixon and the recession after the oil crisis at the end of 1973.
The US financial market survived the 1998 impeachment of Clinton. The S & P 500 index <.SPX> fell 10% in 11 business days until October 8, 1998, when President Clinton's impeachment clause was sent to the House of Representatives. However, the index returned this decline by 21 October and continued to rise until the end of the year, ending the year at 27 percent.
Investors have pointed out that the impact of the prolonged trade war between the United States and China on the global economy is the biggest concern, although the outlook has become uncertain due to the movement of impeachment.
