EMERGING MARKETS-Asian shares rise after Fed rate cut, China NPC meeting takes centre stage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Yahoo Finance
Market Reactions: Most Asian stocks rose following a U.S. Federal Reserve rate cut, with Singapore's market hitting its highest level since November 2007, while Philippine stocks faced declines for the third consecutive day amid concerns over potential tariffs from Trump's administration.
Currency Movements: Asian currencies showed mixed results, with some like the Indonesian rupiah and Malaysian ringgit gaining ground, while the Philippine peso fell, reflecting broader regional economic sentiments influenced by U.S. election outcomes and anticipated stimulus measures from China.
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.
