Bank notes of different currencies are displayed on a wall in Hong Kong. Asia is better positioned to weather external shocks than other emerging markets – its macro conditions are robust and the region’s exchange rates have become more flexible, barring Hong Kong’s, which can serve as a shock absorber for domestic markets against volatile global capital flows. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Asia will outlast the emerging market bears, regardless of the short-term flux

Aidan Yao says while the sell-off that has hit emerging markets as an asset class does carry the risk of contagion, Asia’s solid fundamentals will ensure it weathers the storm

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Bank notes of different currencies are displayed on a wall in Hong Kong. Asia is better positioned to weather external shocks than other emerging markets – its macro conditions are robust and the region’s exchange rates have become more flexible, barring Hong Kong’s, which can serve as a shock absorber for domestic markets against volatile global capital flows. Photo: AFP
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