2/5/2025, 10:08:05 am

Emerging-Market stocks roar back a month after tariff shock

Emerging market equities in India, Mexico, Brazil, and South Korea have rebounded strongly since Trump's April tariffs, outperforming US and Chinese stocks. Safe-haven currencies like the Swiss franc and euro have gained, while Chinese and Hong Kong stocks have declined amid ongoing US-China tensions. Investors are shifting focus to potential beneficiaries of a new trade order.