US EditionEscalation Threat Sends Risk Assets on the Down Escalator - China Last Night
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Escalation Threat Sends Risk Assets on the Down Escalator - China Last Night
Key News Yesterday, we voiced surprise at how resilient many Asian equity markets were to rising tensions in the Middle East and the US $ showing strength. Overnight, Asian equity markets, except South Korea, felt the full effect of President Trump’s threat of US involvement, while a hawkish Fed snuffed out hopes for US interest rate cuts. The US dollar rallied versus Asian currencies, except China’s renminbi. Despite falling yesterday, Hong Kon…
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