Asia’s developing economies are being squeezed by Donald Trump’s tariff blitz and China’s retaliation after years of benefiting as low-cost hubs for US exports.
Stock markets of emerging nations, mainly part of the Asean group of countries in south-east Asia, have been among the year’s biggest losers from the turmoil created by the US president’s trade policies.
Despite rallying on Thursday following Trump’s 90-day tariff reprieve, the stock markets of countries such as Taiwan, Thailand and Vietnam are deep in the red this year.
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