Lates News

The impact of US President Trump's trade policy causing a new round of tension has led to a decline in emerging market currencies on Friday, but they are still expected to rise for the fifth consecutive week. The MSCI Emerging Markets Index tracking developing country currencies is expected to rise by 0.2% this week, despite Trump's threats to impose tariffs of up to 70% on some trading partner countries, causing a slight decline in the index on Friday. Trading was light due to a US holiday. Meanwhile, the MSCI Emerging Markets Stock Index fell by 0.5% on Friday, marking the largest drop in nearly two weeks, but still holding onto the weekly gains. TSMC and Tencent Holdings were among the stocks with the biggest declines.