The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP
The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Corporate Asia can no longer raid global stock markets for cheap and easy capital, just when they need it most

  • The stock market crash has ended Asian companies’ access to cheap capital financing, exposing their long-nurtured dependence on capital markets, just as their need for financing is acute, and likely to come at much greater cost than before

The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP
The coronavirus pandemic has put an end to the record bull run, forcing Asian businesses in particular to go cold turkey on cheap equity capital and low-interest debt. Photo: AFP
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London