Asian FX, stocks fall; Thai baht wilts on cenbank chairman concerns

Quick Summary:

ASIAN currencies and stocks tumbled on Tuesday, as investors ditched risky assets worried about the potential fallout from a second term for Donald Trump as U.S.president, while the Thai baht fell on concerns about a new central bank chief.

Among equities, stocks in Philippines shed 1.9% to hit their lowest since early September, while stocks in Shanghai declined 1.5%.

Inflation data from India due later in the day and GDP data from Malaysia on Friday are also on investors' radar.** Indonesian president starts U.S.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaIndonesiaSouth KoreaPhilippinesSingaporeTaiwanThailandUnited States

Topics: Thai baht Donald Trump Forex /Business/Business News US dollar Currencies Asian Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 15:40:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 23547222

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