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MORNING BID ASIA-US Exceptionalism Piles Pressure on EM

November 25, 2024, 05.34 AM | Source: Reuters
MORNING BID ASIA-US Exceptionalism Piles Pressure on EM

ILUSTRASI. Sentiment towards EM assets is poor. The MSCI emerging market and Asia ex-Japan indexes have fallen in five of the past seven weeks. REUTERS/Issei Kato

GLOBAL MARKET -  A look at the day ahead in Asian markets. Emerging market investors will be hoping the final trading week of November brings more joy than the moves they have seen in recent weeks, but it is becoming increasingly difficult for shafts of light to pierce the thickening gloom.

America's divergence with the rest of the world - manifested in the strength of the U.S. dollar, the relentless rally on Wall Street and the significant rise in Treasury yields - is becoming more entrenched by the week.

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