Reported 19 days 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