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Asian Banks Are Luring Investors Who Think They’re a Safer Bet
The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout. A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar. An index of financial stocks in the region, excluding Japan, has risen since March 10 — the day Silicon Valley Bank collapsed — compared with an almost 10% drop in the American banking index over the same period. “We think Asia still remains ... (full story)
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- Posted: Apr 9, 2023 2:41am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,954
