Anbound Warns the Sign of Asia-Pacific Financial Crisis
ANBOUND
International capital is withdrawing from Asia-Pacific market in conjunction of Federal Reserve QE withdrawal and weak economy of the emerging market. On20thAugust,Asia-Pacific stock markets especially Indonesia's stock exchange has plunged. Anbound’s Chief Researcher Chan Kung warns that the impact of Asia-Pacific markets plunge is beyond the scope of single market. There are many signals that similar to the Asian financial crisis in 1997.Therefore, it is important to be alert to the unsettlement caused by foreign capital withdrawal.