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13

Asian Emerging Market Shares Drop, While Financial Stocks Rally

By Tony Seruga

Exporters drop on concern Trump will renegotiate trade deals
Shanghai Composite enters bull market as metal producers surge

Asian shares fell, with emerging-market stocks leading declines on bets the Federal Reserve will raise interest rates faster than anticipated. The Shanghai Composite Index entered a bull market and financial firms in Tokyo and Sydney rallied.

The MSCI Asia Pacific Index lost 0.8 percent to 135.54 as of 4:01 p.m. in Hong Kong, erasing earlier gains of as much as 0.4 percent. The gauge is down 0.9 percent for the week. Indexes in Indonesia, the Philippines and Taiwan led declines. Japanese shares capped their best week since September and Chinese equities rallied as metals companies surged and property curbs boosted the lure of stocks…

Asian Emerging Market Shares Drop, While Financial Stocks Rally

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