A currency trader walks near the screens showing the Korea Composite Stock Price Index , left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations at a foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 25, 2024. A currency trader talks on the phone near the screen showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Monday, Nov.
Shares in technology companies saw big declines, with online shopping platform Meituan falling 4.3% while multimedia and video games company Tencent dropped 1.3%.This week will bring an update on consumer sentiment from the business group The Conference Board on Tuesday and key inflation data with the release Wednesday of the personal consumption expenditures index for October.
The proposed choice was interpreted “as a sign that President-elect Trump might adopt a more measured approach to tariffs and fiscal policy. Bessent’s influence is expected to bring nuanced economic strategies to the forefront, potentially easing concerns over abrupt policy shifts,” Stephen Innex of SPI Asset Management said in a commentary.
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