0253 GMT - Asian currencies and risk assets are poised to weaken following the U.S. tariffs that were unveiled over the weekend, MUFG Bank's Michael Wan says in a research report. "While we await the full response by markets given how several Asian countries are still out on holidays, we suspect the path of least resistance for now is for Asian currencies and risk assets to weaken," the senior currency analyst says. There's also a "greater risk premia to account for future meaningful tariff moves beyond what we have seen," Wan adds. Moreover, the net impact on markets will rely on factors such as how long the tariffs are sustained, Wan says. USD/KRW rises 0.8% to 1,469.64; USD/SGD is 0.2% higher at 1.3688. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 02, 2025 21:53 ET (02:53 GMT)
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