Asian banks are luring investors who think they’re a safer bet; Singapore expected to be major beneficiary

SINGAPORE, April 8 (Bloomberg): 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.