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By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last week, starting with the Taiwan dollar and spreading outwards to those of China, Hong Kong, Malaysia, Singapore and South Korea, sounds a warning for the greenback, and is seen as an "Asian crisis in reverse"....

By Rae Wee and Samuel Shen SINGAPORE/SHANGHAI (Reuters) -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets. Ripples from Friday and Monday's record rally in the Taiwan dollar are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The moves sound a warning for the dollar because they suggest money is moving in to Asia at scale and...

Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...

On 9 April 2025, the United States announced a 10% blanket tariff on imports from countries — including Singapore — that haven’t retaliated against earlier US trade actions. There's also a 90-day pause on further tariff escalation, set to end on 8 July 2025.The introduction of these new tariffs and its impact on trade and the global economy could influence investor confidence, household sentiment, and ultimately, the property market here in Singapore. We've broken down how this could happen through 3 potential scenarios: if tariffs hold steady, escalate, or shift toward specific...

While the tariffs do not directly impact Singapore’s housing market, their knock-on effects on GDP growth and employment could weigh on home-buying sentiment (Photo: Samuel Isaac Chua/EdgeProp Singapore)In the Netflix series The Residence, a murder mystery set in the private quarters of the White House, there was one clear victim: the chief usher. In US President Donald Trump’s world-stage drama – the “Liberation Day” announcement on April 2 – the victim was no longer fictional but real and far more consequential: the global order.“The era of rules-based globalisation and free...

Amid Indian equity market seeing massive outflows, Overseas Direct Investments (ODI) by Indian institutions and individuals in April-January period of the current fiscal has exceeded the total of the last fiscal by 15 per cent. Experts feel that besides displaying India Inc’s strategic ambitions, it shows that the next cycle of growth may not be led by emerging economies.Data from Finance Ministry shows ODI in April-January touched $16,364 million as against $14,234 million of full fiscal last fiscal. The growth was led by financial, insurance, and business services sectors (39...

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...