Reported about 2 months ago
Asian stocks fell, particularly impacted by losses in Hong Kong's technology sector, as Donald Trump appeared likely to win the US presidential election. The MSCI Asia Pacific ex-Japan index dropped 1.1%, with concerns regarding potential trade tensions under a Trump administration. While Hong Kong's Hang Seng index faced a 2.6% decline, mainland China stocks showed slight losses amidst expectations for economic stimulus. Analysts believe Trump's win could pressure Asian markets, especially with the prospect of sustained inflation and tariffs affecting export-driven economies.
Source: YAHOO