Asian Currencies and Risk Assets Set to Weaken on U.S. Tariffs, MUFG Bank Says -- Market Talk

Dow Jones

Feb 03, 2025

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)

At the request of the copyright holder, you need to log in to view this content

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2508169103"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2508169103\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2508169103?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-03 10:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508169103","market":"sg","top_or_hot":-1,"title":"Asian Currencies and Risk Assets Set to Weaken on U.S. Tariffs, MUFG Bank Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2025 21:53 ET (02:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asian Currencies and Risk Assets Set to Weaken on U.S. Tariffs, MUFG Bank Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian Currencies and Risk Assets Set to Weaken on U.S. Tariffs, MUFG Bank Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-03 10:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2025 21:53 ET (02:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508169103","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508169103","pubTimestamp":1738551180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","MUFG":"三菱日联金融"},"translate_title":"三菱日联银行表示，亚洲货币和风险资产将因美国关税而走弱——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUFG":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2025 21:53 ET (02:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}