"Emerging Markets" Asian currencies steady, stock markets mixed, focus on US-Ukraine talks and Jackson Hole central bank annual meeting
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Asian currencies remained stable, stock markets showed mixed results, and investors focused on the talks between Trump and Zelensky as well as the Federal Reserve's Jackson Hole annual meeting. The Malaysian ringgit and New Taiwan dollar slightly declined, while the US dollar index rebounded, with the market expecting an 84.2% probability of a 25 basis point rate cut by the Federal Reserve next month. Southeast Asian stock markets performed unevenly, with Singapore and Thailand's stock markets declining, while Taiwan's stock market reached a historic high. Concerns over tariff policies affected investor sentiment
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