Asian stocks ex-Japan drops on Trump outlook

Asian stocks except Japan continue to slide on expectations that the US GDP, inflation would rise during Trump’s Presidency.

At the time of writing, Australia’s S&P/ASX 200 was down 0.82%. Hong Kong’s Hang Seng was down 1.38% and South Korea’s Kospi was down 0.25%.

Japan’s Nikkei index bucked the broader trend and advanced 1.6% on account of the rise in the USD/JPY pair.

Meanwhile, Asian currencies remained on weak on Monday after an epic sell-off in emerging-market currencies last Friday. The dollar is ruling the roost again in Asia on account of the rise in the treasury yields.