Asian currencies muted on trade war jitters; Indonesia reports steady growth

Quick Summary:

INDONESIA's currency pared some gains while the local benchmark index fell further on Wednesday after data showed the country's consumption remains tepid, while other Asian currencies were muted on jitters from an escalating U.S.-China trade war.

"We admit that we are in the more cautious camp that sees the additional 10% tariff rate as a starting point," Maybank analysts said.

Shares in emerging Asia were mostly upbeat, with the Philippine benchmark set for a third straight day of gains.

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Category: EconomyBusiness

Markets: MalaysiaCanadaChinaIndonesiaSouth KoreaMexicoSingapore

Topics: Trade war Asian Curencies /Business/Business News Rupiah Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 15:27:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © The Star

News ID: 25905603

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