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Stock Exchanges Decline in Asia
The South Korean currency won reversed its rise in the early hours and fell on the 5th day, while the Indonesian rupee fell on the 6th day with decreasing
Yazar: Zack Smith
Yayınlanma: 18 Mart 2020 14:16
Güncellenme: 25 Aralık 2024 19:17
Stock Exchanges Decline in Asia
The South Korean currency won reversed its rise in the early hours and fell on the 5th day, while the Indonesian rupee fell on the 6th day with decreasing demand for the country's assets. The Malaysian ringgit fell to the lowest level in the last 3 years against the dollar due to the decline in oil and the increase in stocks. Thai baht continued its decline on the 6th day. The Chinese yuan also rose on the 6th day against many countries' currencies and reached its highest level since May. The Philippine peso was appreciated by more than 1 percent today against the dollar after yesterday's transactions were completely stopped. Frances Cheung, a macro strategist at Westpac Banking in Singapore, commented that "financial markets are caught between policy incentives and the threat of recession. Risk perception must be stable in order to find a direction".İLGİLİ HABERLER
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