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CCTV Script 02/03/16

– This is the script of CNBC's news report for China's CCTV on March 2, Wednesday.

Welcome to CNBC Business Daily, I'm Qian Chen.

The week following Super Tuesday has historically been a positive time for the stock market. In the six Super Tuesdays going back to 1992, the market has been higher one week later every time, with a median gain of 0.88 percent, according to analytics firm Kensho. Materials, consumer discretionary and industrial stocks also gained each time, while the biggest underperformer during the following week was health care, but it was also positive.

"If Trump wins and wins big I don't expect a big market move because it's priced in," said Brian Gardner, director of Washington research at Keefe, Bruyette & Woods. "If he underperforms and another candidate shows viability, I think the markets would be happy to see a traditional candidate doing well."

The market is more comfortable with Clinton than Trump, and she is widely expected to win the election.

"There are certain sectors that will lose but there is familiarity with Clinton, and the market will be OK with that," said Gardner.

But Trump is viewed as too unpredictable, and he could keep the level of uncertainty high.(ON CAM)Jerry Webman, chief economist at OppenheimerFunds, said the markets are basically pricing in victories by Trump and Clinton, but Tuesday's races may help in focusing the markets on issues.

Webman said Trump has clear ideas on some tax law, and would like to get rid of carried interest. He also may propose tariffs or attract retaliatory reactions around trade because of his protectionist views.

As for the financial sector, Gardner said it's hard to tell where exactly Trump stands. "He doesn't say what he would do. Until we see who is advising him on the financial sector policy, who might be in the administration, who he might appoint to the regulatory agencies, we don't know." Clinton is not seen as positive either but she has given more clues on the direction she would take.

"I think the hedge fund world and asset managers would maybe slightly underperform, but I think investors expect her to take a cautious approach. I think they understand the campaign rhetoric," he said.

One industry, if either Hillary or Trump wins, might get a boost."Trump is probably more aggressive on national defense. Clinton is more hawkish than Obama.

That would be positive for aerospace and defense. Both would be positive for defense but probably more so Trump than Clinton," said Webman.

CNBC's Qian Chen, reporting from Singapore

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