Asia equities dip as Trump rally fades

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Hong Kong - Most Asian markets eased further on Friday as investors cashed out following a healthy run-up over the past week and after Wall Street's Trump-fuelled surge finally came to an end.

Equity markets around the world are sharply higher since Donald Trump last Thursday pledged a "phenomenal" tax reform package soon, fuelling hopes he would press on with plans to fire the US economy.

The remarks were the spark for all three main Wall Street indices to hit record highs for five successive days, with help also coming from Federal Reserve boss Janet Yellen's upbeat assessment of the outlook for the US and hints at a March interest rate hike.

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Rand - Dollar
14.11
+0.2%
Rand - Pound
19.82
+0.2%
Rand - Euro
17.04
+0.1%
Rand - Aus dollar
10.90
+0.1%
Rand - Yen
0.13
+0.0%
Gold
1,823.82
+0.5%
Silver
27.00
+0.0%
Palladium
2,885.50
+0.9%
Platinum
1,209.00
-0.4%
Brent Crude
69.32
+1.1%
Top 40
60,211
-2.1%
All Share
66,169
-1.9%
Resource 10
69,474
-3.1%
Industrial 25
82,513
-1.5%
Financial 15
12,499
-1.1%
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