China’s Property Drag Meets a Weaker Dollar as EM Assets Bid
What Happened Emerging-market assets caught a strong bid today. South Korea’s KOSPI surged 6.06% to 6,977.94, while the won firmed 0.31% against the dollar to 1,412. The move came alongside a broader softening in the greenback, with USD/JPY essentially flat at 159.31 (-0.01%). U.S. equities also advanced, with the S&P 500 up 0.48% to 7,785.76 … Read more