Matthew Burgess

3 weeks ago | financialpost.com | Selcuk Gokoluk |Matthew Burgess

Asian economies were heavily targeted by the US president’s so-called “discounted reciprocal” tariffs, with Thailand facing a 36% levy on its exports and Vietnam slapped with a 46% duty. Some of the poorest countries were punished for their trade imbalances with the US, with Cambodia’s tariffs set at 49% and the tiny African kingdom of Lesotho charged 50%. Even Israel, despite its status as America’s closest ally in the Middle East, had a 17% levy placed on its exports.

4 weeks ago | financialpost.com | Vinicius Andrade |Vinícius Andrade |Matthew Burgess

The moves have already sparked a run in emerging markets (EM) equities, with a gauge set for its best first quarter since 2019. A weaker U.S. dollar has helped lift an index of developing currencies nearly two per cent this year, while local bonds have also climbed. “For the past few years, investors have piled into U.S. assets and more-developed markets,” said Bob Michele, global head of fixed income at JPMorgan Asset Management.

Dec 8, 2024 | ca.finance.yahoo.com | Matthew Burgess

(Bloomberg) -- Hedge funds have increased short bets against Australia’s dollar as soft growth data lift expectations of policy easing and the incoming US administration progresses with its tariff levies. • None Kansas City Looks Back on its Long, Costly Ride With MicrotransitLeveraged funds boosted their bearish positions on the currency to the most since September in the week ending Dec. 3, according to Commodity Futures Trading Commission data.

Dec 4, 2024 | businessmirror.com.ph | Youkyung Lee |Matthew Burgess

South Korea’s currency recovered while its stocks fell Wednesday, as investors braced for prolonged political uncertainties following a brief decree of martial law by President Yoon Suk Yeol. The won gained as much as 1.6 percent to 1,406.35 per dollar, to erase nearly all of its overnight loss. The benchmark Kospi slid as much as 2.3 percent, while a gauge of equity volatility was on course for its biggest rise in three months.

Dec 3, 2024 | finance.yahoo.com | Youkyung Lee |Matthew Burgess

(Bloomberg) -- South Korean stocks fell while the won pared overnight losses after President Yoon Suk Yeol briefly declared martial law amid a political tussle, before moving to rescind the decree just hours later. The benchmark Kospi stocks gauge slid as much as 2% as shares of Samsung Electronics Co., South Korea’s largest company, slumped 3%. The won gained as much as 1.6% to 1,406.35 per dollar, erasing nearly all of its overnight drop.