- Title: Asian shares, emerging currencies stumble as Trump anxiety deepens
- Date: 11th November 2016
- Summary: TOKYO, JAPAN (NOVEMBER 11, 2016) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" TSE MARKET CENTER ELECTRONIC SCREEN SHOWING NIKKEI 225 CLOSING AT 17374.79 UP 30.37 POINTS TSE MARKET CENTER VARIOUS OF TSE STAFF WORKING TSE MARKET CENTER ELECTRONIC STOCK PRICE TICKER SEOUL, SOUTH KOREA (NOVEMBER 11, 2016) (REUTERS) TRAFFIC ON SEOUL STREETS CARS MOVING INTERIOR OF DEALING ROOM AT KEB HANA BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) 1,984.43 DOWN 0.91 PERCENT VARIOUS OF DEALERS WORKING ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE DEALER TALKING ON PHONE AND DEALERS TALKING TO EACH OTHER INTERIOR OF DEALING ROOM HONG KONG, CHINA (NOVEMBER 11, 2016) (REUTERS) BULL STATUE AND FLAGS FLYING AT HONG KONG EXCHANGE SQUARE HONG KONG STOCK EXCHANGE FLAG HONG KONG STOCK EXCHANGE SCREEN AND TICKER SHOWING HONG KONG STOCK DETAILS SCREEN SHOWING (English): HANG SENG INDEX, 22531.09 VARIOUS OF TRADERS TICKER SHOWING HONG KONG STOCK DETAILS
- Embargoed: 26th November 2016 08:58
- Keywords: Asia shares markets Donald Trump anxiety
- Location: SEOUL, SOUTH KOREA/TOKYO, JAPAN/HONG KONG, CHINA
- City: SEOUL, SOUTH KOREA/TOKYO, JAPAN/HONG KONG, CHINA
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA0015801SUD
- Aspect Ratio: 16:9
- Story Text: A searing selloff rocked Asian shares and emerging market currencies on Friday (November 11) as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows from the region.
Japan's Nikkei stood firmer not far a nine-month high, as investors took profit after markets rose on hopes that President-elect Donald Trump's policies could boost growth.
The Nikkei gained 0.2 percent to 17,374.79, after rising as much as 17,621.73 earlier, the highest level since February 2.
The South Korean won fell to a four-month low as emerging markets slumped on worries about future U.S. fiscal and monetary policy under President-elect Donald Trump.
The Korea Composite Stock Price Index (KOSPI) closed down 0.9 percent at 1,984.43 points.
Hong Kong stocks fell to 3-month lows as investors braced for data later in the day which is expected to show the city's economic growth slowed sharply in the third quarter.
The Hang Seng index ended 1.4 percent lower at 22,531.09 points, paring Thursday's (November 10) gains and bringing its weekly loss to 0.5 percent.
Markets are expecting the U.S. Federal Reserve to go ahead with a rate hike in December after U.S. markets quickly stabilised from the initial Trump election shock. - Copyright Holder: REUTERS
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