Prima Wirayani

1 week ago | bloomberg.com | Prima Wirayani |Jaehyun Eom

(Bloomberg) -- The South Korean won rose on Wednesday as it caught up with gains in regional currency peers after the local market was shut for a holiday earlier this week. The won strengthened as much as 1.4% to 1,381.95 against the dollar in early trading, the highest since November 2024. The advances are in line with moves seen in Asian peers this week as traders dumped dollars amid hopes of a thaw in global trade tensions.

1 month ago | news.bloombergtax.com | Prima Wirayani |Kerim Karakaya

Emerging market stocks gained for a third day, the longest winning streak in nearly a month, as an exemption of US tariff on a range of electronic products aided sentiment. A gauge of emerging stocks rose as much as 1.4% as tech shares climbed in Asia trade. The MSCI index for developing world currencies also advanced 0.6%, led by gains in the South African rand, Eastern Europe currencies and the Mexican peso.

1 month ago | news.bloomberglaw.com | Prima Wirayani |Kerim Karakaya

Emerging market stocks gained for a third day, the longest winning streak in nearly a month, as an exemption of US tariff on a range of electronic products aided sentiment. A gauge of emerging stocks rose as much as 1.4% as tech shares climbed in Asia trade. The MSCI index for developing world currencies also advanced 0.6%, led by gains in the South African rand, Eastern Europe currencies and the Mexican peso.

1 month ago | bloomberg.com | Prima Wirayani |Matthew Burgess

The currency dropped 0.5% to 16,957 per dollar during intraday trading on Wednesday. (Bloomberg) -- Indonesia’s rupiah fell to its lowest in history against the dollar as market participants priced in the impact of rising trade frictions around the globe, prompting another central bank’s intervention. The currency dropped 0.5% to 16,957 per dollar during intraday trading before erasing all losses toward the close on Wednesday.

1 month ago | bloomberg.com | Katia Dmitrieva |Philip Heijmans |Prima Wirayani

Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens of once-bustling garment factories sit empty behind locked gates. At a coffee shop not far from the plant where he was employed for more than three decades, 53-year-old Hariyanto blamed cheap imports from China for the economic devastation.