Reported 2 months ago
As global markets faced a significant downturn, a few unexpected assets managed to remain resilient. While commodities like gold struggled, Malaysia's ringgit saw a powerful rally, defying the trend observed in key risk-sensitive currencies. Meanwhile, some Chinese borrowers took advantage of the stable yuan bond market, and Mongolia's stock market recorded minor gains amid widespread declines. Conversely, Hong Kong developers fared well, driven by expectations of lower interest rates due to a shift in U.S. monetary policy.
Source: YAHOO