Asian currencies pressured by trade war tensions – Business & Finance
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...