Asia and the influence of the US

September’s US interest rate cut should be good news for Asian markets. However, there is still potential volatility surrounding the US election. On the abrdn Asian Income Fund, we are responding by raising the quality of the portfolio and structural domestic themes

US flag and Asian economy
(Image credit: abrdn)

Eric Chan, Manager, abrdn Asian Income Fund

The world’s financial markets had been on tenterhooks ahead of the US Federal Reserve’s interest rate decision in September. The news of a 0.5% rate cut was warmly received by Asian markets, which have outpaced global markets in the wake of the decision. The Dollar had been weakening in expectation of a cut, which has also provided a boost for the region’s economies.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.