Emerging Markets Waver as Traders Weigh Tariffs, US-Ukraine Feud
Investors are trying to gauge what’s left of peace prospects in the wake of President Volodymyr Zelenskiy’s clash at the White House with Donald Trump.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Emerging-market assets kicked off March little changed as traders monitored a looming deadline for US tariffs on key trading partners, while Ukraine bonds fell on the fading prospects of a near-term peace deal.
An MSCI Inc. gauge for developing-nation currencies ended the day virtually unchanged from the open, as did the index for stocks. The indexes erased gains in the afternoon after President Donald Trump confirmed 25% tariffs on products from Mexico and Canada will begin Tuesday — sending the peso tumbling.