Latest news with #EduardGismatullin
Bloomberg
27-04-2025
- Business
- Bloomberg
An Investor's Guide to Navigating Singapore's General Election
By and Eduard Gismatullin Save Assurances of policy continuity and supportive measures for the economy will be top of mind for many investors ahead of Singapore's elections as markets remain pressured from US-imposed tariffs. Saturday's vote may help boost shares of domestically-driven companies in sectors including retail, construction and infrastructure on potential policy support. It could also spur the local dollar, which tends to trend higher in the period leading up to and after an election, according to DBS Bank Ltd.
Yahoo
03-04-2025
- Business
- Yahoo
Southeast Asian currencies, stocks drop due to higher US tariffs
By: Marcus Wong and Eduard Gismatullin (Bloomberg) — Southeast Asian currencies and stocks declined after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump. The Thai baht slipped as much as 0.8% against the dollar, while the Malaysian ringgit and South Korean won also weakened. Singapore's main stock index fell as much as 1.3% before trimming losses, while Malaysia's dropped 0.7%. Southeast Asian equities were already some of the world's worst performers this year. 'The worst-hit region by this tariff announcement is undoubtedly Asian EM,' ING Bank analysts Padhraic Garvey and Francesco Pesole wrote in a client note. Global risk-off should be a common theme, and this should be accompanied by lower market rates, they said. Southeast Asia was hit particularly hard by the reciprocal tariffs announced by Trump on Wednesday. The US will increase levies on Vietnam's exports 46%, Thailand's by 36% and Indonesia's by 32%. The region's largest trading partner — China — was heavily targeted, with Beijing now facing a cumulative 54% tariff. Investors are now awaiting any retaliatory response from tariff recipients, which may further escalate global trade tensions. While nations such as Australia have explicitly ruled out retaliation, investors are watching a response from economies such as China. —With assistance from Matthew Burgess. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
03-04-2025
- Business
- Bloomberg
Southeast Asian Currencies, Stocks Highly Exposed to US Tariffs
By and Eduard Gismatullin Save Southeast Asian currencies opened lower and the region's stocks look set to drop after Asian emerging nations were given some of the biggest tariff increases by US President Donald Trump. The Thai baht slipped as much as 0.8% against the dollar, while the Malaysian ringgit and South Korean won also weakened. Equities in the region, which are some of the world's worst performers this year, are set to extend this year's losses as the higher tariffs weigh on regional economies.
Bloomberg
26-03-2025
- Business
- Bloomberg
Indonesian Stocks Rise After Mandiri's Dividend Beats Estimates
By Eduard Gismatullin and Save Indonesia's benchmark equity index advanced after several state-owned banks offered higher dividend payouts. The benchmark Jakarta Composite Index gained as much as 3.5% Wednesday, the most since March 3. PT Bank Central Asia, PT Bank Mandiri Persero and PT Bank Rakyat Indonesia Persero were the top contributors to the gauge's rise.
