Asian stocks weak amid Trump tariff worries; yen firm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
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Source: Reuters
Market Reactions to Trump's Tariff Threats: Asian stocks fell as investors reacted to incoming U.S. President Trump's proposed tariffs on Canada, Mexico, and China, causing currencies like the loonie and peso to weaken significantly.
Mixed Performance in Global Markets: While Asian equities struggled, U.S. markets showed gains, and commodities like gold and oil experienced slight fluctuations amid ongoing geopolitical developments and investor caution ahead of the Thanksgiving holiday.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
