Asia shares rise, dollar supported by elevated bond yields
Trending News
3 months ago

Asia shares rise, dollar supported by elevated bond yields

Live Mint  

* Chinese authorities pledge more support for economy * Fed outlook remains top of investors' minds * Dollar, US yields steady near milestone highs By Rae Wee SINGAPORE, Dec 24 - Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025. The news came shortly after the country's finance ministry said authorities will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins. Still, investors remain cautious on the outlook for the world's second-largest economy, particularly as it faces the threat of hefty tariffs from U.S. President-elect Donald Trump. The ongoing real estate crisis has shattered consumer confidence while a potential trade war with the United States could trigger the worst growth slowdown in decades," said Ronald Temple, chief market strategist at Lazard.

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History of this topic

Most Asian markets track Wall St rally after Fed rate signals
1 week, 2 days ago

Most Asian markets track Wall St rally after Fed rate signals

Hindustan Times  

Most Asian equities rose Thursday after US Federal Reserve boss Jerome Powell suggested any increase in consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations. Most Asian markets track Wall St rally after Fed rate signals Markets have been seized by volatility recently as US President Donald …

China bonds drop as expectations of near-term rate cuts fade
2 weeks, 5 days ago

China bonds drop as expectations of near-term rate cuts fade

Live Mint  

SHANGHAI, - Chinese government bonds fell in early trade on Monday, sending 10-year yields to three-month highs, after policymakers tempered market bets of further interest rate cuts over the near term. China's treasury yields had already climbed during the country's annual parliamentary meeting last week as traders reassessed what a "moderately loose" monetary policy means. Even if there are no …

Dollar starts week softer as tariffs weigh, yen rises
2 weeks, 5 days ago

Dollar starts week softer as tariffs weigh, yen rises

Live Mint  

* Dollar defensive as tariff worries sap risk sentiment * Investors buy safe havens yen and Swiss Franc * Euro firms after best week in 16 years By Ankur Banerjee SINGAPORE, March 10 - The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labour market, while concerns over a global …

Trumped: FIIs abandon Asian equities, unnerved by potential US reciprocal tariffs, strengthening dollar
1 month ago

Trumped: FIIs abandon Asian equities, unnerved by potential US reciprocal tariffs, strengthening dollar

Live Mint  

Foreign institutional investors have called it quits on Asian equities after US President Donald Trump’s America First policy triggered global trade policy uncertainty. “While there is a threat to Indian equities from valuations, cheaper Chinese stocks and the potential impact from DeepSeek technology, India is structurally better placed than China," said Hitesh Jain, lead analyst at Yes Securities. Dollar trajectory …

Rate decisions roll in, markets hold firm at highs
1 month, 1 week ago

Rate decisions roll in, markets hold firm at highs

Live Mint  

By Jamie McGeever Feb 19 - A look at the day ahead in Asian markets. Two interest rate decisions and Chinese house prices top the Asia-Pacific calendar on Wednesday, with markets still pretty buoyant even as investors navigate the increasingly powerful crosscurrents of global trade and geopolitical uncertainty. Despite the uncertainty around U.S. President Donald Trump's tariffs and protectionist trade …

Yen rallies on growth data, dollar steady around two-month low
1 month, 1 week ago

Yen rallies on growth data, dollar steady around two-month low

Live Mint  

* Yen rises on better-than-expected Q4 GDP data * Dollar broadly on the back foot * RBA, RBNZ expected to deliver rate cuts this week By Rae Wee and Harry Robertson SINGAPORE/LONDON, Feb 17 - The yen rose on Monday in a boost from upbeat Japanese growth data, while the dollar hovered near its lowest in two months after investors …

Stock market today: Asian shares mostly rise as region continues watching Trump’s latest tariffs
Trending News
1 month, 2 weeks ago

Stock market today: Asian shares mostly rise as region continues watching Trump’s latest tariffs

Associated Press  

TOKYO — Asian shares mostly rose Wednesday, as regional markets continued to watch President Donald Trump’s latest tariff escalation. The latest from Trump is his announcement of 25% tariffs on all foreign steel and aluminum coming into the U.S. South Korea, and to a lesser extent Japan, export steel to the U.S., but the impact on their economies might not …

Yuan slumps on trade-war anxiety; yen jumps
1 month, 3 weeks ago

Yuan slumps on trade-war anxiety; yen jumps

Live Mint  

* Onshore yuan falls following return from extended break * Yen rises on upbeat Japanese wage gain * Dollar on the back foot, giving respite to peers By Rae Wee SINGAPORE, Feb 5 - The yuan sank on Wednesday as a new Sino-U.S. trade war shook Chinese markets returning from an extended Lunar New Year break, while the yen jumped …

Yen and Swiss franc jump, dollar drops as DeepSeek concerns drain risk appetite
2 months ago

Yen and Swiss franc jump, dollar drops as DeepSeek concerns drain risk appetite

Live Mint  

* U.S. dollar index falls * Yen and Swiss franc jump as investors seek safety * Tech selloff pushes U.S. stocks lower * Central bank policy meetings and economic data in focus By Chibuike Oguh and Stefano Rebaudo NEW YORK, Jan 27 - The Japanese yen and the Swiss franc gained against major currencies on Monday amid a selloff in …

Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
Trending News
2 months ago

Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate

Associated Press  

HONG KONG — Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude, which would ease worries about inflation. Big swings there in recent months have …

Stock market today: Asian shares gain and bitcoin hits a record high ahead of U.S. inauguration
2 months, 1 week ago

Stock market today: Asian shares gain and bitcoin hits a record high ahead of U.S. inauguration

Associated Press  

BANGKOK — Asian shares advanced early Monday and bitcoin surged to a record high ahead of the inauguration of President-elect Donald Trump. Hong Kong’s Hang Seng jumped 1.8% to 19,925.81 after China’s central bank kept its key lending rates unchanged. Sentiment also was helped by upbeat comments by U.S. and Chinese officials ahead of Trump’s inauguration later Monday. In other …

Rupee unlikely to find support in Asia FX’s slight recovery
2 months, 2 weeks ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Asian stocks slide, oil climbs on Russia sanctions: Markets wrap
2 months, 2 weeks ago

Asian stocks slide, oil climbs on Russia sanctions: Markets wrap

Hindustan Times  

Stocks and bonds slid in Asia following Friday’s stronger-than-expected US jobs data, while oil climbed to a four-month high as a fresh wave of US sanctions on Russia threatened to crimp supplies. “Hawkish developments from the US jobs data also adds extra pressure on emerging markets, as markets have gone from pricing in three-to-four cuts prior to Trump’s election victory …

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment
Trending News
2 months, 2 weeks ago

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment

Associated Press  

BANGKOK — Shares fell Friday in Asia after U.S. markets were closed to observe a National Day of Mourning for former President Jimmy Carter. Regional markets saw a broad decline that analysts said reflects weakening confidence about the chances of further interest rate cuts by the Federal Reserve given recent data showing unexpected strength in the U.S. economy. Minutes from …

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment
2 months, 2 weeks ago

Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Regional markets saw a broad decline that analysts said …

Global yield fever cools, but EM conditions tighten
2 months, 2 weeks ago

Global yield fever cools, but EM conditions tighten

Live Mint  

By Jamie McGeever Jan 10 - A look at the day ahead in Asian markets. Investors in Asia approach the end of a bumpy week hoping that the relative calm that descended on the dollar and a shortened U.S. bond market session on Thursday can extend into the local session on Friday. With the December U.S. employment report looming large …

Stock market today: Asian shares are mostly lower after Wall St holds firm
2 months, 2 weeks ago

Stock market today: Asian shares are mostly lower after Wall St holds firm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stocks were mostly lower …

Rupee to face pressure as upbeat US data reignites dollar uptrend
2 months, 3 weeks ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Dollar on track for best week in a month
2 months, 3 weeks ago

Dollar on track for best week in a month

Live Mint  

* Dollar lower, but on track for best week in two months * Dour euro zone outlook weighs on euro this week * Traders price in about 40 bps of Fed rate cuts in 2025 By Karen Brettell NEW YORK, Jan 3 - The dollar dipped on Friday but was on track for its strongest weekly performance in a month …

Asia shares get off to rocky start in 2025 on Trump trepidation
2 months, 3 weeks ago

Asia shares get off to rocky start in 2025 on Trump trepidation

Live Mint  

By Rae Wee SINGORE - Asian stocks began the year on a dour note on Thursday as they struggled for traction after a jittery close to 2024, while the U.S. dollar held steady and investor sentiment stayed cautious ahead of Donald Trump's return to the White House. "To avoid a more material slowdown as domestic obstacles and external pressures look …

Asian currencies end dismal 2024 on shaky footing
2 months, 4 weeks ago

Asian currencies end dismal 2024 on shaky footing

Live Mint  

* South Korean won posts worst year since 2008 * Malaysian ringgit eyes best year in 7 years * Taiwan stocks set to post best year since 2009 By John Biju Dec 31 - Most Asian currencies were largely muted on the last trading day of a torrid 2024 year, as the threat of U.S. tariffs and a strong dollar …

Asian stocks, dollar hold their own to close out strong 2024
2 months, 4 weeks ago

Asian stocks, dollar hold their own to close out strong 2024

Live Mint  

* Most Asian stock markets eke out gains for the year * Dollar dominates, set for strong annual gain * Gold soars 26% in bumper 2024 * Thin volumes ahead of New Years holiday; Japan markets shut By Ankur Banerjee SINGAPORE, Dec 31 - Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets …

Dollar gains broadly, slips against yen as interest-rate policy in focus
2 months, 4 weeks ago

Dollar gains broadly, slips against yen as interest-rate policy in focus

Live Mint  

-The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year. Some analysts see the yen as likely to benefit next year from expected Bank of Japan interest-rate hikes while …

Most Asian currencies subdued heading towards year-end; S.Korean markets rise
2 months, 4 weeks ago

Most Asian currencies subdued heading towards year-end; S.Korean markets rise

Live Mint  

* US Treasury yields, strong dollar weigh on emerging Asia FX * South Korean won, shares edge higher after Friday's sharp fall * Indonesian rupiah up 0.5%, Thai baht gains 0.3% By John Biju Dec 30 - Most Asian currencies were subdued on Monday, pressured by high U.S. Treasury yields and a firm dollar, while South Korean markets recovered slightly …

Dollar reigns with the support of higher yields
2 months, 4 weeks ago

Dollar reigns with the support of higher yields

Live Mint  

SINGAPORE, Dec 30 - The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges. "Despite paid forecasters almost universally calling for a weaker U.S. dollar in 2024, the greenback looks set to close the year higher against all major currencies with the buck …

Asia shares dip as high yields test valuations
3 months ago

Asia shares dip as high yields test valuations

Live Mint  

By Wayne Cole SYDNEY - Asian shares edged lower on Monday as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the U.S. dollar near multi-month peaks. Yet yields on 10-year Treasuries are near eight-month highs at 4.631% and ending the year around 75 basis points above where they started it, even though the Fed delivered 100 basis …

Stock market today: Asian shares advance after a mixed finish on Wall Street
Trending News
3 months ago

Stock market today: Asian shares advance after a mixed finish on Wall Street

Associated Press  

BANGKOK — Asian shares were mostly higher on Friday, with Japan’s benchmark registering strong gains for a second straight day. Tokyo’s Nikkei 225 index climbed 1.4% to 40,139.90, while the Japanese yen sank further after the central bank governor indicated that interest rate hikes might be delayed by threats to the economy such as higher U.S. tariffs on imports. South …

Asian stocks rise, FX under pressure as U.S. rates remain in focus
3 months ago

Asian stocks rise, FX under pressure as U.S. rates remain in focus

Live Mint  

* Singapore, Thailand stock markets gain 0.5% * Currencies muted as dollar near 2-yr peak * Indian rupee hits lifetime low By Himanshi Akhand Dec 24 - Emerging Asian stock markets were higher on Tuesday and currencies traded broadly flat against a stronger dollar as investors braced for fewer rate cuts by the Federal Reserve in the coming year. Markets …

Stocks gain with bond yields, dollar up; economy, rates in focus
3 months ago

Stocks gain with bond yields, dollar up; economy, rates in focus

Live Mint  

* Dollar gains, with Treasury yields * Global stock index up, Wall St indexes close higher * Consumer confidence comes in light, capital goods rise By Sinéad Carew and Amanda Cooper NEW YORK/LONDON, - A global equity index rose on Monday with help from Wall Street, and U.S. Treasury yields climbed to an almost seven-month high while data showed a …

Dollar rebounds from inflation data drop, euro dips
3 months ago

Dollar rebounds from inflation data drop, euro dips

Live Mint  

By Chuck Mikolajczak NEW YORK -The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. "The key for the dollar right now is the policy divergence, and Powell going from more worried about unemployment than inflation, and then the …

Stock market today: Asian shares are mixed ahead of key US inflation data
3 months, 1 week ago

Stock market today: Asian shares are mixed ahead of key US inflation data

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares were mixed Friday …

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back
3 months, 1 week ago

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back

Live Mint  

-- Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch their currencies falter. “It is hard to fight the higher dollar move against Asian currencies when it is primarily dollar driven, which means regional central banks would have to play defence …

Asian Markets May See Outsized Slump After Fed, Analysts Say
3 months, 1 week ago

Asian Markets May See Outsized Slump After Fed, Analysts Say

Live Mint  

-- Asian stocks and currencies are likely to slide Thursday after the Fed signaled a slower pace of rate cuts at its policy meeting, according to analysts. The region’s sensitivity to dollar movements is likely higher given the rise in US Treasury yields, with currencies including the Korean won and Indonesian rupiah among the most vulnerable, they say. Here’s what …

Global stock index falls, bond yields rise ahead of rate decisions
3 months, 2 weeks ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

Asia Gold-India discounts at over 2-month highs; China stimulus plan fails to impress
3 months, 2 weeks ago

Asia Gold-India discounts at over 2-month highs; China stimulus plan fails to impress

Live Mint  

* Price recovery disrupting wedding season demand-Indian dealer * China discounts jump to $19.4-$25 per ounce this week * International spot gold prices headed for weekly gains By Rajendra Jadhav and Rahul Paswan Dec 13 - Gold discounts in India widened this week to their highest level in over two months as a rebound in domestic prices during the wedding …

Asian stocks climb as China stimulus aids sentiment; currencies muted
3 months, 2 weeks ago

Asian stocks climb as China stimulus aids sentiment; currencies muted

Live Mint  

* China stocks jump nearly 3% amid China policy shift * S.Korean won rises 0.5%, shares jump over 2% * Investors await U.S. CPI print for cues on rate outlook By John Biju Dec 10 - Emerging Asian equities rose on Tuesday following China's pledge for additional policy stimulus to boost economic growth and ease monetary policy, while South Korean …

S.Korean markets shaky on second martial law rumours; other Asian markets mixed
3 months, 3 weeks ago

S.Korean markets shaky on second martial law rumours; other Asian markets mixed

Live Mint  

* Won posts 1.7% weekly loss, lowest in 2-1/2 years * Rupee flat after RBI holds interest rates steady * MSCI currency index loses 0.8% in value this week By Sherin Sunny and Roushni Nair Dec 6 - The South Korean won and equities plummeted on Friday following fresh reports of a potential second martial law, which had previously unsettled …

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets
3 months, 3 weeks ago

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets

Live Mint  

By Jiaxing Li HONG KONG, - China and Hong Kong stocks gained on Monday, driven by encouraging manufacturing data and expectations of continued policy support from Beijing. ** Sentiment was buoyed by data that showed China's factory activity expanded last month, with Beijing's stimulus blitz since September starting to trickle through just as Donald Trump ramps up trade threats. ** …

Asian Shares Gain Led by China, Yen Rises on CPI: Markets Wrap
4 months ago

Asian Shares Gain Led by China, Yen Rises on CPI: Markets Wrap

Live Mint  

The yen strengthened Friday as Tokyo inflation data exceeded estimates. “With a BOJ December 25 basis point hike looking increasingly likely, we see that USD/JPY would sustainably break below the key 150.00 support and move lower to test the 142.00 level where it had failed to decisively go below in September” Japan may also delay a decision on raising taxes …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
4 months ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
4 months ago

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower

Associated Press  

BANGKOK — Shares opened higher in Europe on Thursday after a mixed session in Asia following a Big Tech-led retreat on Wall Street. South Korea’s Kospi gained less than 0.1% to 2,504.67 after the central bank cut its benchmark interest rate to relieve pressure on its slowing economy. Hong Kong’s Hang Seng index lost 1.2% to 19,366.96 and the Shanghai …

Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap
4 months ago

Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap

Live Mint  

A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. The S&P 500 fell 0.4% after touching a record high in the prior session, while the Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Shares in Microsoft Corp. fell after the US Federal Trade Commission opened an …

Most Asian bonds faced foreign outflows in Oct on US election jitters
Trending News
4 months, 2 weeks ago

Most Asian bonds faced foreign outflows in Oct on US election jitters

Live Mint  

Nov 15 - Foreigners sold off most Asia ex-China bond markets in October as they were cautious ahead of the U.S. presidential election. They sold local bonds in Malaysia, Thailand and India, totalling a net $3.8 billion, following five monthly net purchases in a row, according to data from regulatory authorities and bond market associations. Trump's decisive victory in last …

Stock market today: Asian stocks climb after Wall Street's post-election boom slows
4 months, 2 weeks ago

Stock market today: Asian stocks climb after Wall Street's post-election boom slows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stocks were mostly higher …

Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap
4 months, 2 weeks ago

Asian Stocks Gain on China Recovery, Weaker Dollar: Markets Wrap

Live Mint  

Asian equities climbed, aided by signs of a stabilization in China’s economy and a retreat in the dollar. “The strength of the dollar has obviously taken away some of the returns from emerging markets local currency bonds, but we think the more attractive opportunity at this point is in the hard currency aspect of emerging markets,” Niaz said, referring to …

Asia shares wobble on China angst; long-end US bond yields rise with dollar
Trending News
4 months, 2 weeks ago

Asia shares wobble on China angst; long-end US bond yields rise with dollar

Live Mint  

By Rae Wee SINGORE - Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. In the broader market, traders responded to a U.S. inflation print that was in line with expectations by ramping up bets of …

Oil Steadies With Surging Dollar and Chinese Demand to the Fore
4 months, 2 weeks ago

Oil Steadies With Surging Dollar and Chinese Demand to the Fore

Live Mint  

-- Oil steadied — after touching the lowest this month on Wednesday — as a surging US dollar weighed on commodities, and concerns about demand growth clouded the outlook for prices. China’s weakening profile in the global oil market was highlighted midweek, with the US Energy Information Administration saying India was now the leading source of demand growth in Asia …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
4 months, 2 weeks ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
Trending News
4 months, 2 weeks ago

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade

Associated Press  

HONG KONG — Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Stocks had been broadly rising since last week on expectations that Trump’s preference for lower tax rates and other policies may mean faster economic growth, as well as bigger U.S. government debt …

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