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Economy

Trump victory weighs on Asian trading

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A money changer handles a thick wad of Indonesian rupiah in Jakarta on Nov. 11.   © Reuters

It has only been a week since Donald Trump's stunning victory in the U.S. presidential election, and the financial landscape has already shifted significantly.

The start of a "reflation trade," to reposition investors' portfolios based on expectations of a post-election surge in growth and inflation, has been brutal for emerging market assets as chances of a sharper rise in U.S. interest rates have been factored in.

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