[Tee tiong huat]

"It depends on the sectors. A Trump win will give a boost to short term buys for Tesla, crypto and oil & gas."

"Not good for the China markets"

OIC....

Brics countries include major world powers, such as China and Russia, and countries which are influential on their continent, such as South Africa and Brazil. The expanded group has a combined population of about 3.5 billion, or 45% of the world's inhabitants. Combined, members' economies are worth more than $28.5tn - about 28% of the global economy.

"Through Brics, China is trying to grow its power and influence - especially in Africa," he says. "It wants to be be leading voice for global south. Other major world power in the group has a different purpose: "Russia sees [Brics] as part of its fight against the West, helping it to overcome the sanctions imposed after the invasion of Ukraine. Will a Brics currency replace the dollar?
Nations often use the US dollar to trade between themselves. Leading politicians in Brazil and Russia have suggested creating a Brics currency, to reduce the dollar's dominance. However, this was not discussed at the group's 2023 summit.It would be impractical for Brics nations to create a common currency because their economies are so different, says Professor Carmody.

Or may consider in future creating some new currency be used for int'l trade payments, or....  

A cryptocurrency for international trade".
(That is how, Govt's assets are mainly managed by GIC Private Limited. Govt also places deposits with MAS; in turn, MAS as a statutory board holds its own assets on its balance sheet. In addition, Govt is sole equity shareholder of Temasek Holdings, Ms Ho just recently talk on cryptocurrency (Nov 2024 news)

(https://www.mof.gov.sg › policies
Who Manages Reserves? - S'pore - Ministry of Finance)

Is Brics a rival to G20?
The G20 group was set up in 1999 for developed and developing nations to discuss global issues.However, the Brics group also contains many of the countries which are in the G20> In future, they may work in tandem, says Dr Irene Mia from the International Institute for Strategic Studies think tank. "Together, might push more $ to developing nations to tackle climate change," she says.
https://www.bbc.com/news/world-66525474