Evergrande debt crisis has limited impact on Bursa

The investment bank said the potential contagion risk to Asian equity markets was limited unless the Chinese government allowed Evergrande Group to default and did nothing to control the situation

KUALA LUMPUR: Concerns on whether China’s property developer Evergrande Group will default on its payments together with the contagion risk have affected the overall sentiment of Asian equity markets, but the impact to Malaysia’s stock market will be limited, according to AmInvestment Bank.

The investment bank said the potential contagion risk to Asian equity markets was limited unless the Chinese government allowed Evergrande Group to default and did nothing to control the situation.