EPS 111 | Election 2023 - A mood for change wins the day

A change of government was confirmed last night, with Christopher Luxon from the National Party set to be our new Prime Minister. Preliminary figures reflect a much stronger showing than expected from National, which ended with a very healthy 39 per cent of the party vote. However, those hoping for a relatively straightforward two-party coalition between National and Act shouldn’t get their hopes up. With more than half a million special votes still to be counted, there's a good chance NZ First will still be required to form a government. What happens next, when might we know the final outcome, and what does this mean for investors and financial markets?