SE Asia Stocks-Dive as trade war escalates; Philippines drops about 2%
The gloom across Southeast Asian stock
markets deepened on Tuesday, with Philippines slipping nearly
2%, as risk appetite took a beating after U.S.-China trade war
entered the currencies’ space.
U.S. President Donald Trump on Tuesday branded China a
currency manipulator in a tweet, after the yuan dropped to its
lowest valuation in over a decade. Trump had ear
markets deepened on Tuesday, with Philippines slipping nearly
2%, as risk appetite took a beating after U.S.-China trade war
entered the currencies’ space.
U.S. President Donald Trump on Tuesday branded China a
currency manipulator in a tweet, after the yuan dropped to its
lowest valuation in over a decade. Trump had ear
Posted by Reuters