logo
Emerging-Market Assets Extend Gains as Korean Rally Continues

Emerging-Market Assets Extend Gains as Korean Rally Continues

Bloomberg05-06-2025

Emerging-market stocks rose for a third consecutive session, with South Korean assets extending their world-beating gains after a presidential election.
MSCI's EM stock gauge is heading for 2.4% gains in the past three days. An index of developing-nation currencies also edged higher as the dollar has remained under pressure from investors expecting a more dovish Federal Reserve after softer US employment data.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Taiwan central bank says US debt rising too fast may impact trust in Treasuries
Taiwan central bank says US debt rising too fast may impact trust in Treasuries

Yahoo

time28 minutes ago

  • Yahoo

Taiwan central bank says US debt rising too fast may impact trust in Treasuries

TAIPEI (Reuters) -Taiwan's central bank governor warned on Saturday that rapidly rising U.S. debt could be "unfavourable" to the outlook for U.S. Treasuries and that U.S. President Donald Trump's trade policies have made investors cautious. Taiwan's $593 billion in foreign exchange reserves are more than 80% made up of U.S. Treasury bonds, according to the central bank, which said earlier this month that Treasuries were "sound" and still favoured by investors. It added there were no worries about the dollar's position as the leading international reserve currency. Governor Yang Chin-long, in a speech posted on the central bank's website, said Trump's repeated criticisms of the U.S. Federal Reserve's monetary policy have caused concerns about its independence. "In addition, Trump 2.0's trade policy has made investors hesitant about holding U.S. Treasury bonds; Trump's budget, the 'One Big Beautiful Bill Act,' may cause U.S. debt to expand too quickly, which is unfavourable to the outlook for U.S. sovereign debt," he said. "All of these have had a significant impact on the international monetary system centred on the U.S. dollar and based on U.S. creditworthiness." Trump's sweeping tax-cut and spending bill is the centerpiece of his domestic agenda. The bill would lead to a larger-than-expected $2.8 trillion increase in the federal deficit over the decade, despite a boost to U.S. economic output, the nonpartisan Congressional Budget Office projected on Tuesday. Trump, in his first few weeks in office, also announced sweeping tariffs on a broad swathe of countries and trading partners, including Taiwan, only to pause them for 90 days in April to allow for talks to take place. Yang said Trump had been hoping the tariffs could resolve the U.S. trade deficit. "However, the tariff policy not only fails to solve the structural problems, it will also impact the U.S. economy, and threaten to further affect the outlook for global trade and the economy." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The Country That Produces The Most Onions In The World
The Country That Produces The Most Onions In The World

Yahoo

time38 minutes ago

  • Yahoo

The Country That Produces The Most Onions In The World

Onions might not seem like a hot commodity, but they're one of the most essential ingredients in kitchens around the world. Stir-fries, curries, stews, sauces — you name it, and onions are probably in it. So it makes sense that several countries grow them in massive quantities to meet nonstop demand. But here's the twist: The country that produces the most onions in the world isn't the United States, and it's not China either. It's India. According to World Population Review, India grew 37.1 million metric tons of onions in 2022 — more than any other nation on Earth. For scale, that's nearly 82 billion pounds of onions. That's a staggering figure, and while some of those onions are exported, most stay right at home. In a country of over a billion people, where onions form the base of everything from chana masala to crispy onion bhajis, it's easy to see why demand is sky-high. To meet that kind of year-round need, onions in India are grown in three waves — with the spring harvest, known as the Rabi crop, being the most important. These onions are stored and gradually sold to keep supply stable, especially during months when fresh harvests aren't available. It's a delicate system, and when it runs smoothly, onions stay affordable. But when it doesn't, prices can spiral out of control quickly. Read more: 13 International Dining Etiquette Rules We Should All Be Following India's title as the world's largest onion producer wouldn't be possible without two key states: Maharashtra and Madhya Pradesh. Located in central and western India, they account for over half of the country's total onion output. Maharashtra, in particular, is home to Lasalgaon, Asia's largest onion market — a place where prices don't just reflect supply and demand, but often set the tone for the entire nation. But large harvests don't always guarantee stability. Despite strong yields, onion prices in India often swing sharply due to weather, storage issues, or shifts in supply. And because onions are deeply woven into Indian culture — from rural farms to urban kitchens — price spikes are more than just an inconvenience. They hit millions of households where it hurts, making onion prices a political issue. A failed crop or poor storage season can spark protests, backlash, and even shifts in government policy. In recent years, the central government has imposed export bans to protect domestic supply and released emergency stocks from buffer reserves — a move typically reserved for essentials like rice or wheat. In India, onions don't just flavor the food — they shape public sentiment. When the onion market sneezes, the whole country catches a cold. And that's exactly what makes being the world's top producer not just a point of pride, but also a heavy responsibility. Read the original article on Tasting Table.

Few Stocks Match Coca-Cola's Dividend Stability
Few Stocks Match Coca-Cola's Dividend Stability

Yahoo

timean hour ago

  • Yahoo

Few Stocks Match Coca-Cola's Dividend Stability

The Coca-Cola Company (NYSE:KO) is among the best dividend stocks for a bear market. The company has paid a dividend since 1920 and has raised its annual payout for 63 consecutive years, a streak topped by only a few publicly traded companies. A row of factory workers assembling bottles of sparkling soft drinks on a conveyor belt. The Coca-Cola Company (NYSE:KO) operates in a space that offers rare stability, even when the economy takes a hit. Its strength lies in two key factors: consistent demand and the ability to raise prices without losing customers. As a provider of consumer staples, the company benefits from steady demand even during economic downturns. While it isn't immune to challenges, its core operations tend to hold up well when the broader market struggles. In addition, when sales volume dips, Coca-Cola can often raise prices without losing customers. This resilience is reflected in its valuation, both its price-to-sales and price-to-earnings ratios are above their five-year averages. Given its strong fundamentals and track record, The Coca-Cola Company (NYSE:KO) is well-positioned to continue increasing its dividend in the years ahead. The company's five-year average payout ratio is around 80%, and given its solid cash generation, investors expect growing dividends in the coming years as well. The Coca-Cola Company (NYSE:KO) offers a dividend yield of 2.88%, as of June 17. While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store