Asian shares join global market rout as US data signals weak outlook

Quick Summary:

MOST emerging Asian stock markets tumbled on Friday, with South Korea and Taiwan leading the decline, as U.S.slowdown fears soured risk appetite globally.

The MSCI International All Asia Pacific Index, including Japan, slumped more than 3.5%, its worst day in more than three years.

The ringgit is the only positively performing emerging Asian currency with a 1.8% gain on a year-to-date basis.

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Category: EconomyBusiness

Markets: MalaysiaIndiaIndonesiaJapanSouth KoreaSingaporeTaiwan

Topics: /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 15:59:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © The Star

News ID: 21896208

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