Most currencies subdued as Mideast risks gauged
Hungary rate decision at 1200 GMT
Chinese yuan slips from three-week highs
Canada to impose 100% tariff on Chinese EVs, including Teslas
EM stocks down 0.3%, FX off 0.2%
By Shashwat Chauhan
Aug 27 (Reuters) -Most emerging market currencies were muted on Tuesday, as sentiment remained fragile with investors assessing the risks from rising tensions in the Middle East following Hezbollah and Israel's clash over the weekend.
As of 0830 GMT, MSCI's index for emerging market stocks .MSCIEF slipped 0.3%, while a gauge for currencies .MIEM00000CUS was down 0.2%, easing from record high levels.
The Chinese yuan CNY=CFXS slipped from three-week highs hit in the last session to trade at 7.1296 per dollar. In offshore trade CNY=, it was last down 0.1%.
Chinese shares .SSEC, .CSI300 also came under pressure, with stocks of EV makers and steel producer down after Canada said on Monday it would impose a 100% tariff on imports of Chinese electric vehicles and a 25% tariff on imported steel and aluminium from China.
Hungary's forint EURHUF= slipped 0.1% against the euro ahead of a local interest rate decision later in the day.
The Hungarian central bank is expected to pause its easing cycle after 15 rate cuts, keeping its base rate at 6.75%, a Reuters poll indicated, with a few outlying forecasts pointing to further easing.
"Despite a surprising cut in July, we do not anticipate any changes ... the July inflation rate was higher than expected, which supports our view of stable rates," analysts at Erste Group wrote in a note.
Most EM currencies saw sharp gains at the end of last week when Federal Reserve Chair Jerome Powell said on Friday "the time has come" to lower interest rates, pushing the dollar to its lowest level so far this year.
San Francisco Fed President Mary Daly on Monday backed that claim.
However, EM assets, generally considered as risky, paused as investors measured the risks of escalating geopolitical worries in the Middle East.
Hezbollah had launched hundreds of rockets and drones at Israel early on Sunday, and Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack, in one of the biggest clashes in more than 10 months of border warfare.
Hasnain Malik, head of equity research at Tellimer Research noted that "there are clear indications that this escalation remains calibrated."
In Asia, the Philippine peso PHP= led losses with an 0.5% against the dollar, while South Korean won KRW= shed 0.3%.
Russia's rouble RUB= gained 0.4% against the greenback, while South Africa's rand ZAR=D3 was largely stable at 17.77 per dollar.
Bourses in emerging Europe were mixed, though Hungary's benchmark .BUX lagged with a 0.7% fall.
HIGHLIGHTS:
** IMF reaches staff-level deal for Liberia on $209 million new credit facility
** China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market
** Russia pounds Ukraine with missiles, drones for second day in row, Kyiv says
** IMF softens some conditions on Egypt's $8 billion finance package
For TOP NEWS across emerging markets nTOPEMRG
For CENTRAL EUROPE market report, see CEE/
For TURKISH market report, see .IS
For RUSSIAN market report, see RU/RUB
For GRAPHIC on emerging market FX performance in 2024 http://tmsnrt.rs/2egbfVh
For GRAPHIC on MSCI emerging index performance in 2024 https://tmsnrt.rs/2OusNdX
Reporting by Shashwat Chauhan in Bengaluru
Editing by Bernadette Baum
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
