Geopolitical risks intensify, causing simultaneous declines in emerging market stocks and currencies
According to ChainCatcher, citing Golden Ten Data, emerging market stocks and currencies fell for the second consecutive day, with the MSCI Emerging Markets Equity Benchmark Index dropping by 0.8%, marking the largest decline since mid-December last year. Currencies in Thailand, South Korea, and South Africa led the losses. Bond issuance has seen the strongest start on record, with Poland also joining the ranks of countries taking advantage of low borrowing costs to issue bonds. The market is focused on the non-farm payroll data to be released on Friday, which may provide clues about the Federal Reserve's interest rate path. Ian Simmons, a fund manager at Fiera Capital in London, stated that the US dollar may continue to weaken.
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