Trump triggers market turbulence, Asia's life insurance companies are facing billions of dollars in book losses.

President Trump's policies have sparked market turbulence, causing Asian life insurance companies to face billions of dollars in accounting losses. The surge of the New Taiwan Dollar has put pressure on insurance companies in Taiwan as they hold over 23 trillion New Taiwan Dollars in overseas assets. With long-term government bond yields rising to the highest level in decades, Japanese insurance companies are also being impacted.