Australia’s federal election on Saturday may bolster the nation’s shares regardless of who wins, if history is a guide. The S&P/ASX 200 Index has risen in the three months following eight of the last 10 votes, according to data compiled by Bloomberg. Average gains during the post-election period since 1993 was 2.4%. Even so, the potential for a hung parliament is a key risk this time around -- such an outcome could impede legislation or spur laws that are less market-friendly as the government may need to compromise with minor parties, Barclays Bank Plc economist Shreya Sodhani wrote in a note.
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