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US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains

US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains

By Swedan Margen

Fashion

Observers expect volatility in the markets until there is greater clarity on Trump’s policies

THE latest rate cut by the US Federal Reserve is expected to bring “some relief” to Asian and Singapore equity markets, with upsides for the property and consumer sectors.

However, the longer-term outlook for markets in view of a Donald Trump presidency remains uncertain, said analysts on Friday (Nov 8).

As at 12 pm, the benchmark Straits Times Index was up 1.6 per cent. Other indices in the region were also up. Australia’s ASX 200 rose 0.9 per cent, while Japan’s Nikkei gained 0.3 per cent. FTSE Bursa Malaysia KLCI was up 0.1 per cent.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains | Grazia British