Asian assets: A pedestrian walks past financial quotation boards in Tokyo. The MSCI Index of Asia Pacific stocks excluding Japan dropped more than half a percent for a second day yesterday as appetite for risk was impaired by reports that President Donald Trump might have asked for an end to a probe into his former national security adviser. — AFP
TOKYO: Some were quick to put in sell orders on Asian stocks this week as the latest political convulsions in Washington hurt appetite for riskier assets globally. Add in rumblings from Brazil, and all of a sudden emerging markets don’t sound so appealing any more.
Not so fast, some analysts are saying. The Korean won, for one, has been hit by risk-off waves before - such as the April Syria attack -- only to bounce back handsomely. Asia benefits from the world’s fastest economic growth, and may be poised to weather the latest international political worries from outside the region as well.
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