South Korea’s\u00a0Kospi<\/a>\u00a0gained 1.77%, and the small-cap Kosdaq rose 1.83%.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0gained 0.84%.<\/p>\n \u2014 Lee Ying Shan<\/p>\n U.S. economic slowdown narrows risk of investing in emerging markets: Allspring Global Investments The U.S.’ weak July jobs data report points to the “narrowing” of risk between U.S. and emerging markets assets, Derrick Irwin, senior portfolio manager at Allspring Global Investments told CNBC’s “Squawk Box Asia<\/a>” Monday.<\/p>\n This comes amid a slowdown in the U.S. economy, “not only versus emerging markets, but in its own right,” Irwin said. “We’re likely to see rate cuts out of the Fed, which is not supportive of the dollar. And I think most importantly, we have an administration that has indicated that they would prefer a weaker dollar.”<\/p>\n He also noted that the actual economic impact of tariffs on emerging markets is “more limited than we think”, as a substantial amount of the U.S.’ imports are still exempted from new tariff rules.<\/p>\n Other drivers are making emerging markets an “interesting place to invest,” he said, citing China as an example. He expects to see a “continued, if rather slow move towards stimulating consumption,” which could mean “great opportunities,” particularly in the artificial intelligence sector.<\/p>\n India also shows promise despite the recent weakness in their stock market. “I think there’s opportunities to begin to pick up really great assets with a great long term story after that market softened a bit,” he noted.<\/p>\n Year-to-date, India’s benchmark\u00a0Nifty 50<\/a>\u00a0and the BSE Sensex index were up 4.58%, and 3.69% respectively.<\/p>\n A weaker U.S. dollar and falling global inflation have also given emerging markets an “incredible opportunity to begin cutting rates without damaging their currencies as much,” which can be “very stimulative” for their stock markets, Irwin said.<\/p>\n \u2014 Nicole Teo<\/p>\n Opening calls<\/p>\n Happy Tuesday from Singapore. Asia markets are poised for a mixed open.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was set to start the day higher with futures tied to the benchmark at 8,701, compared with its last close of 8,663.70.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0was set to open higher, with the futures contract in Osaka last traded at 40,610 against the index’s last close of 40,290.70.<\/p>\n![\"Portfolio](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/108180926-17542883801754288376-41026875039-1080pnbcnews.jpg\")
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