Potential return of Trump fuels concern among emerging market investors
- A tight U.S. presidential election race has unnerved investors in emerging markets, who fear a return of former President Donald Trump to the White House could hurt emerging markets just as they were poised to shine.
"Normally this would be a good macro backdrop for emerging markets: resilient growth, continued disinflation and a weak dollar," Arun Sai, senior multiasset strategist at Pictet Asset Management, told the Reuters Global Markets Forum . "EM risk should come with a premium, but that's not happening ... India is good but expensive, China is cheap but has its own problems."
On the other hand, Washington's push for"friendshoring" - replacing China's role in supply chains with friendly nations - could boost U.S.-aligned EMs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Brings Back 2016 Campaign Manager Known for 'Letting Trump Be Trump'Corey Lewandowski will rejoin the campaign for the final sprint of the race.
Read more »
'Trump will be Trump': Morning Joe previews Harris-Trump debateThis is additional taxonomy that helps us with analytics
Read more »
Rachel Maddow predicts 'refusenik' Republicans may not certify potential Trump lossIn June, Maddow expressed fears about the unfounded claim Trump has plans to place her in an internment camp.
Read more »
Trump Reacts to Potential RFK Jr EndorsementIt comes amid reports RFK Jr. intends to suspend his campaign on Friday and is planning to endorse former President Trump.
Read more »
Vivek Ramaswamy sounds off on potential RFK Jr. role in a Trump administrationVivek Ramaswamy spoke with Fox News Digital after the Trump campaign's counter-programming press conference on Day 4 of the Democratic National Convention.
Read more »
US Election Odds: RFK Jr. Drops Out in Potential Boost to TrumpRobert F Kennedy Jr. ended his long-shot presidential campaign Friday in what has appeared to be a boost to Donald Trump's 2024 hopes
Read more »