Asian markets are losing a serious amount of value against USD with Trump effect. Global funds made more than 10 billion USD worth of sales in emerging Asian markets stocks and treasuries. The surprise victory of Donald Trump's US presidential election triggered high interest rates on treasury bonds and the dollar's rise with the impact of Trump's fiscal plan was effective at emerging market upturns. The capital outflow in these countries between November 9th and 18th was effective at more than 50 billion USD of total foreign capital inflows in 2016. The Dollar Index rose 3.4% in the same period, while South Korea's Won lost 4.3% value. The Indian Rupee retreated by about 2.6%. According to the many experts on the market, the negative impacts of Trump's policies can be observed for a while in the near future.
- Date: 22 November 2016 Tue 13:07
- Last Added
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