Additionally, a decline in the dollar index boosted investor sentiment toward emerging markets, while uncertainty surrounding Trump’s economic policies led to a downturn in US equity markets.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of