Emerging Asian currencies held largely steady on Friday, but were on track to post weekly losses, while regional equities tracked Wall Street higher after a big drop in U.S. retail sales firmed expectations of a June rate cut by the Federal Reserve.
Stocks in Singapore .STI rose as much as 1.4% to hit their highest in more than a month, while Malaysian equities .KLSE advanced 0.4% to touch a level unseen since June 2022.
Data released overnight showed that U.S. retail sales fell by the most in 10 months in January, relieving some stress about the hotter-than-expected inflation report that came earlier this week.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
