AGAINST the backdrop of global equity markets spooked by the threat of the US Federal Reserve (Fed) hiking interest rates and tapering asset purchases, Credit Suisse is expecting a vastly different outcome for Asean markets in this hiking cycle than during the 2013 taper tantrum, when eight years of underperformance set in.
In a Asia-Pacific equity research report, Credit Suisse opines that Asean is now more growth-sensitive and less rates-sensitive than before.
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