Asian Stocks Drop as Trump-Related Fears Increase – Asia Market Wrap

Asian stocks fell, offsetting Wall Street gains, as speculation over Donald Trump’s potential running mate after his announcement sparked new trade and geopolitical worries.

The third day of losses for the MSCI AC Asia Pacific index was reached as it dropped 0.2%. The area saw the biggest decrease in stocks in Hong Kong, while certain Chinese companies continued to fall as investors anticipated the imposition of Trump’s tariffs. Japan’s stocks increased as a result of exporters profiting from the weakening Yen.

Tuesday saw a little increase in US futures in Asia as traders increased their estimate of the likelihood that Trump would win following his assassination attempt.

In comparison to most of its Group-of-10 counterparts, the Dollar gained strength. Because of bets that the Japanese yen will continue to weaken during Trump’s second term, the Yen lost the greatest value relative to the US dollar out of all the currencies in the group.