You generally find that a positive election result will cause a mild upswing on ASX in general.
In this case, with the significant sovereign risk involved in Australia, overseas investment in mining has been subdued. If you ascribed say a 10% to 15% additional risk to an investment in Australia due to the Fed Govt, you can see if that was risk essentially mitigated by a new Fed Govt coming on board that more $$$ would flow into Australia. See snigmac's comment on the overseas view of Australia.
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held