If Republican presidential candidate Donald Trump wins on Tuesday, that could be very bad news for Asia.
He and Democratic presidential candidate Hillary Clinton are about tied, according to the latest polls, meaning that Trump has a very real chance of winning.
And that could be very bad news for Asia.
Although it is true that Asia might suffer if Clinton is elected, it would be worse if Trump wins.
Until recently, it seemed that she was a shoo-in to win the election, and the odds are still leaning in her favor. But the latest round of email revelations have taken the wind out of her campaign's sails.
One way to forecast election results are prediction markets, like the Iowa Electronic Markets. Since 1988, it has allowed people to place small-scale bets on U.S. election outcomes, and it has done very well at forecasting election results.
One of the markets that it has developed is the winner-take-all market. This takes bets on which political party will win the largest percentage of the U.S. popular vote during the presidential election.
Of course, the popular vote doesn't decide who wins the election. It depends more on the outcome for each state, but it does give an idea of the way voters are leaning.
In August, an individual could have bought a Democrat (Clinton) share in the winner-take-all market for 77 cents and would have gotten $1 back if she won the largest percentage of the popular vote.
At the same time, a Republican (Trump) share was going for 25 cents. That meant that if he won the popular vote, the bettor would get $1 back.
But recently, the momentum in the winner-take-all market has shifted to Trump and the Republicans.
Republican odds have improved dramatically over the past week. Republican share prices have jumped to 40 cents, showing that their odds of winning are much higher, but the cost of a Democrat share has fallen to 62 cents, reflecting the party's diminishing odds of winning the election.
If Trump becomes president and follows through on all his promises it would hurt Asia.
He equates American "economic independence" with canceling long-standing trade agreements and has said that the North American Free Trade Agreement is "the worst trade deal in the history of the country."
Trade has also said that the Trans-Pacific Partnership, which includes many Asian countries, is a "terrible deal" for America.
He has boasted that if he becomes president he will cancel the pending trade deal.