24 Hrs
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المشهد العربي
Emerging market assets rise amid falling interest rate expectations
Emerging market currencies and stocks experienced unprecedented gains due to a decline in expectations for the Federal Reserve's interest rate hikes. The MSCI currency index increased by 0.3%, reaching historic levels, while market equities rose by 0.7%, led by technology companies in Hong Kong and Taiwan, marking their fourth consecutive day of gains. Conversely, the Saudi market index decreased by 0.1%. Meanwhile, the Saudi Investment Fund's assets reached 3.4 trillion riyals, amid reduced maritime activity in the Strait of Hormuz and stalled US-Iran negotiations.
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