Gold Hits Record High, Dollar Weakens As Trump's Policy Stance And Fed Chair Criticism Induces Uncertainty
The US dollar plummets, Emerging Markets make a strong comeback: the Thai baht and Jilin soar, and the Indian stock market rises for five consecutive days!
After recording the largest weekly increase in six weeks last week, the Emerging Markets Currency Index continued to rise this Monday, with the Thai Baht and Malaysian Ringgit showing strong performance, both increasing by 1% in a single day. Over the past month, the Thai Baht has appreciated by a cumulative 3.2% against the US dollar, marking a significant upward trend. The five-day increase of the India Nifty 50 Index (5.99%) has set the highest record since February 2021.
Asia's Growth Risks Are Skewed to Downside: Morgan Stanley Economist
Express News | Hong Kong Indexes Continue to Rally. Alibaba and Tencent Rise 2%. U.S.-Listed Chinese ETFs Surge, YINN Up 5%, CWEB Rises 6% In Overnight Trading
Express News | Hong Kong Stock Indexes Tank on Monday. Hang Seng Index Down Over 8%. Tencent Drops 8% and Alibaba Plunge Over 11%
South Korea Ousts President Yoon After Court Upholds Impeachment, Kospi Drops 86 Points