Asian markets drop as Biden drops out of White House race

By Agence France-Presse

Jul 22, 2024 12:57 pm

HONG KONG — Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fueled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.

After last weekend's assassination attempt on Donald Trump -- and the following Republican convention -- boosted bets he would win November's election, investors were trying to work out the ramifications of the news out of the White House.

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