Investors concerned about Trump victory impact on China, dollar rises, Asian shares fall.

From MarketScreener: 2024-07-15 22:19:20

Asian shares fell as investors worried about a Trump victory and its impact on China, with the dollar climbing despite expectations of more U.S. rate cuts. MSCI’s Asia-Pacific index dropped 0.5%, while the Nikkei rose 0.4%. Wall Street hit records on energy and banking gains, Bitcoin jumped 6%, and gold neared a high. Fed Chair Powell noted progress in inflation, with markets anticipating a September rate cut. The dollar index rose on Trump victory bets, while long-term Treasuries steadied. Gold prices rose, but oil prices fell on concerns about slowing Chinese demand.



Read more at MarketScreener: Asian shares fall as China drags, dollar in demand