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Currencies

Surging Asian Currencies Could Make Summer Vacation More Expensive

Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs.The dollar's decline is driven by the "Sell America" trend and trade negotiations.A weaker dollar may shift purchasing power to Asia, affecting investments and markets.Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan?You might want to hold that thought: Summer vacations in Asia may get more expensive than you think, as the US dollar continues to come under pressure.The typically stable Taiwan dollar surged by as much...
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,...
Stock Market

Nvidia Stock Price Decline Isn’t Over: NVDA Down 18% in 7 Days

Nvidia shares fell 8% Monday, deepening a bear market trend that's taken hold since early January.The latest tumble follows concerns over Nvidia's Q4 earnings and profit margin expectations.Reports of Nvidia's AI chips reaching China despite export controls added to investor worries on Monday.Nvidia's stock plunge deepened on Monday, with the stock down as much as 8% in the session to trade at $114.51.Shares of the artificial intelligence GPU maker officially entered a bear market last week, down more than 20% from their intra-day highs reached in early January.The losses have...
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