Asian stocks slip from pre-war peak on Mideast ceasefire doubts, fallout worries
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Asian stocks fell on April 22 as investors reacted to the indefinite extension of the Iran ceasefire and its potential impact on crude supply, inflation, and economic growth. The MSCI EM Asia equities index dropped 0.4%, with South Korea's KOSPI and Southeast Asian markets also declining. The Indonesian rupiah weakened, nearing its all-time low, while the Philippine peso and Malaysian ringgit also slipped. Analysts noted ongoing disruptions in energy flows due to the conflict, and attention is on Bank Indonesia's upcoming monetary policy meeting, expected to maintain current rates amid inflation concerns.
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Source: CNA The copyright of this article belongs to the original author/organization.
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