Asian stocks fell on Monday due to the shock French election outcome leading to a hung parliament.

Asian stocks mostly fell on Monday amid the shock French election outcome. The Euro also dropped due to the unexpected results in the French parliamentary elections. The left-wing New Popular Front won most seats but failed to secure a majority, leading to France facing a hung parliament and political and policy uncertainty. U.S. stocks rose to new records on Friday boosted by a report on the job market.

July 08, 2024
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