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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.