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EMERGING MARKETS-Asian shares fall on Trump’s steel tariff threat; currencies steady

(Updates for afternoon trade) * Taiwan and Indonesia stocks down over 1.5% * Asian FX firm as dollar weakness persists * Trump threatens to double tariffs on steel imports By Roshan Thomas June 2 (Reuters) - Asian equities fell on Monday, dragged by losses in South Korean and Vietnamese steelmakers, after U.S. President Donald Trump threatened to double tariffs on imported steel and aluminium, while regional currencies held firm against a softer dollar. Trading volumes were thin overall due to a public holiday in the region, with markets in China,...
Currencies

Surging Asian Currencies Spur Hunt for Winners in Stock Markets

(Bloomberg) -- A recent surge in Asian currencies is shifting the outlook for the region’s equities, with money managers and strategists favoring stocks tied to local consumption and expecting a return of global funds. Most Read from Bloomberg Morgan Stanley strategists said they like markets including India and the Philippines, where stocks tend to be more geared toward domestic demand. They favor sectors such as real estate and financials. Aberdeen Investments prefers defensive plays like consumer and healthcare stocks, while Societe Generale SA sees India as a major beneficiary from...
Currencies

CORRECTED-EMERGING MARKETS-Asia currencies subdued as Trump continues slamming Fed

(Corrects paragraph 1 and 9 to say Singapore stocks gained for the sixth straight session, not seventh) * Indonesian rupiah leads losses * Asian equities mixed * Stocks in Malaysia snap three straight sessions of losses By Rishav Chatterjee April 22 (Reuters) - Currencies in emerging Asia were subdued on Tuesday, weighed down by President Donald Trump's renewed criticism of the U.S. Federal Reserve, while Singapore equities extended their winning streak into a sixth straight session. An MSCI index of Asian emerging market equities snapped a three-day streak of gains,...