MOST Asian equities retreated on Thursday while currencies edged lower as growing concerns that US President-elect Donald Trump’s proposed policies may fuel inflation and slow rate cuts dented sentiment towards risky assets.
MSCI’s gauge for emerging market stocks retreated 0.4 percent. Stocks in Thailand and Taiwan declined over 1 percent each, while those in Singapore slipped 0.5 percent after hitting a more than 17-year high on Wednesday.
Be the first to comment