Pakistan's sovereign debt faced renewed selling pressure on Friday as investors digested the latest escalation in US trade policy.
The country's 2036 bond issuance fell by 0.5% to bid at 97.80 cents, reflecting growing risk aversion in emerging markets.
The Straits Times Index in Singapore dropped 1% as investors reacted to the escalating tensions, while broader regional sentiment cooled amid fears of a prolonged trade war.
The decline followed President Donald Trump's announcement of new tariffs targeting 60 trading partners over alleged forced labor violations.
The broadening of US trade restrictions has triggered a wave of repricing across global fixed-income markets, with investors reassessing the risk premium on frontier and emerging-market debt.
Asian equity markets also opened sharply lower, underscoring the widespread impact of the trade policy shift.
The Straits Times Index in Singapore dropped 1% as investors reacted to the escalating tensions, while broader regional sentiment cooled amid fears of a prolonged trade war.