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The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday as Asian stock markets traded higher, boosted by the surge in semiconductor and AI stocks amid reports that the $28 billion SK Hynix IPO in the U.S. was heavily oversubscribed. Speculation that the escalation of hostilities between the U.S. and Iran will be limited is also aiding market sentiment. Traders remain optimistic that a full-blown war can be avoided in the Middle East after US President Donald...

* MSCI EM-Asia index hits 3-1/2-year high * Vietnam stocks at over 3-year high; dong hits record low * Taiwan's dollar touches highest level since April 2022 By Roshan Thomas July 3 (Reuters) - Most Asian stock markets rose on Thursday, buoyed by the U.S.-Vietnam trade deal seen as a positive signal for the region ahead of the July 9 tariff deadline, while currencies held steady as traders awaited key U.S. developments. U.S. President Donald Trump said he had sealed a trade deal with Vietnam, under which it would now...

Asian emerging market equities rallied the most in more than two years on Thursday as traders snapped up beaten-down stocks after U.S. President Donald Trump said he would pause the implementation of hefty tariffs hours after they came into force. An MSCI gauge of EM Asian stocks leapt 4% in their biggest one-day gain since mid-November 2022. A subset of equities in ASEAN countries surged about 5% to mark their best day since the start of the COVID-19 pandemic. Most regional currencies also appreciated against the U.S. dollar: Malaysia’s ringgit...

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...