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BENGALURU: Asian currencies rose against the dollar on Friday as US President Donald Trump’s tariffs on trading partners prompted a rush out of the world’s reserve currency, though stocks remained subdued on lingering tariff concerns. The US dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched US assets for other safe-havens like the Swiss franc, yen, euro and gold. Singapore’s dollar firmed to its highest level in more than five months, while Malaysia’s ringgit appreciated by 0.7%. The...

BENGALURU: Asian emerging market equities tanked for a fifth straight session on Wednesday as US President Donald Trump’s “reciprocal” tariffs on dozens of countries, including the eye-watering 104% levies on Chinese goods, went into effect. Indonesia’s rupiah hit a fresh lifetime low, while yields on the 10-year benchmark bonds crept higher towards a mid-January high as traders worried about the fallout of escalating trade tensions and domestic economic concerns. Trump’s punishing tariffs, including the massive levies on China, deepened the carnage in financial markets globally and caused a sell-off in...

BENGALURU: Equities in Vietnam and Thailand plunged even further on Friday as investors fled from risky assets, after US President Donald Trump’s unexpectedly severe tariffs fuelled fears of a global recession. Thailand’s benchmark stock index slumped 2.8% to its lowest level in more than five years, bringing its year-to-date losses to about 19.4%. Vietnam stocks tanked as much as 5.8% to their lowest level in 15 months, extending their slide after Thursday’s near 7% drop. The selling in Vietnamese shares was fairly uniform across-the-board, indicating that investors would need more...

March 31 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0202 GMT. Currency Latest bid Previous day Pct Move Japan yen 149.160 149.81 +0.44 Sing dlr 1.340 1.3424 +0.16 Taiwan dlr 33.206 33.097 -0.33 Korean won 1469.500 1469.9 +0.03 Baht 33.868 33.93 +0.17 Peso 57.275 57.36 +0.15 Yuan 7.255 7.263 +0.11 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 149.160 157.180 +5.38 Sing dlr 1.340 1.3652 +1.87 Taiwan dlr 33.206 32.781 -1.28 Korean won 1469.500 1472.300...

March 27 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0209 GMT. Currency Latest bid Previous Pct day Move Japan yen 150.220 150.58 +0.24 Sing dlr 1.339 1.3398 +0.07 Taiwan dlr 33.137 33.097 -0.12 Korean won 1466.200 1467.3 +0.08 Baht 33.950 33.94 -0.03 Peso 57.569 57.707 +0.24 Rupiah 16600.000 16575 -0.15 Rupee 85.705 85.705 0.00 Ringgit 4.425 4.427 +0.05 Yuan 7.265 7.2691 +0.05 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 150.220 157.180 +4.63 Sing dlr...

BENGALURU: Indonesian stocks slumped on Friday, bringing a bruising week to an end as concerns over the country’s fiscal health weighed, while most Asian currencies were on the defensive on trade war uncertainties. Jakarta stocks slipped 1.6% after a short-lived rebound from Tuesday’s sell-off, which triggered a trading halt. The benchmark stock index is down more than 11% for the year so far, making it among the worst performers in Asia. Investors’ confidence in Southeast Asia’s largest economy has been dwindling due to growing concerns over fiscal health, government policies...

BENGALURU: Most Asian equities advanced on Monday after China unveiled fresh measures to boost domestic consumption, although regional investors remained cautious amid escalating global trade tensions. South Korean shares jumped 1.6% to their highest since February 27, while Malaysia’s benchmark climbed 1.1%, extending gains to a third straight session. Taiwan’s main index rose more than 1%. China on Sunday unveiled sweeping measures to boost domestic consumption, including income hikes and childcare subsidies, just days after financial regulators urged an easing of credit restrictions — moves analysts say could revitalise Southeast...

BENGALURU: Emerging Asian stocks were mixed while most currencies declined on Monday as concerns about flip-flopping US tariffs and a slowing US economy weighed on sentiment, with the Philippine peso being the only outlier. Most regional currencies were unable to leverage the softer US dollar, with the Indonesian rupiah depreciating 0.3% while Singapore dollar, Malaysian ringgit and Thai baht trading marginally lower. “The ongoing US trade probe, set to conclude by April 1, may trigger further tariff headlines, adding to FX uncertainty,” Goldman Sachs analysts wrote. Over the weekend, US...

(Bloomberg) -- The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs on China, curbing optimism that his threats were mainly bargaining ploys. Most Read from Bloomberg Regional currencies have tumbled over the past week, with the Thai baht and South Korean won both sliding about 2%, as rising fears over a global trade war sapped risk appetite. Asian currencies have also unwound part of their January rally as a number of central banks in the region cut interest rates to support growth....