20241111 TA U.S. election and Asian assets img

Trump’s proposed tariffs and loose fiscal policy are expected to send U.S. inflation higher, leading to fewer rate cuts by Powell and a stronger dollar. (Nikkei montage/Source photos by Getty Images and nikkei photographers)

Trump's return to power gives Asian financial markets the jitters

Post-election currency market swing shows investors how money might travel

LISA KIM, ECHO WONG and TSUBASA SURUGA, Nikkei staff writers

November 11, 2024 06:09 JST

TOKYO/HONG KONG/SINGAPORE -- Asian financial markets are gripped by a chain of uncertainties brought on by former U.S. President Donald Trump's return to the White House.

Trump, who has said "tariff" is the "most beautiful word in the dictionary," has threatened as much as 20% tariffs on all imports and 60% on those from China, even as economists warned such a measure would hurt U.S. and global growth.