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Asian Currencies Rise as Dollar Weakens; Hedge Funds Retreat

9/29/2025

24 5 Full Breakdown

Summary

Story summary

The dollar's weakness lifted Asian currencies and EM equities, with Bloomberg Asia Dollar Index up 0.2% and EM shares up 0.9%, led by Chinese tech.
Chinese factory profits signaled stabilization.
Global hedge funds posted the largest EM Asia selloff in over five months on holiday profit-taking.
Chinese investors trimmed margin balance sharply, marking the largest daily trimming since April 2025.

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Story summary

The dollar's weakness lifted Asian currencies and EM equities, with Bloomberg Asia Dollar Index up 0.2% and EM shares up 0.9%, led by Chinese tech.
Chinese factory profits signaled stabilization.
Global hedge funds posted the largest EM Asia selloff in over five months on holiday profit-taking.
Chinese investors trimmed margin balance sharply, marking the largest daily trimming since April 2025.