Asian equities slip, set for sharp monthly losses as Trump tariffs loom

Equities in emerging Asian markets fell on Friday, with some heading towards their worst month in more than two years as the looming threat of U.S. tariffs under a Trump presidency eroded the attractiveness of Asian assets.

Shares in South Korea declined 1.4 per cent, while equities in Singapore retreated 0.5 per cent.

Equities in Indonesia declined 6.1 per cent for November, heading for their worst month since September 2020.

Philippine stocks retreated 6.7 per cent for November, in what could be their biggest monthly fall since September 2022.

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