SEA survives worst of post-US election sell off in EM

sisyphus uphill struggle 230px
By John Loh
17 Nov 2016

Last week’s shock US election result caused a rout in emerging markets, with stocks and currencies in southeast Asia among the hardest hit. But unlike in the past, this has not brought equity capital markets activity to a standstill, as share sales in Indonesia, the Philippines and Thailand showed this week. John Loh reports.

Indonesia, Malaysia, the Philippines and Thailand have seen some $1bn in equity outflows since Donald Trump secured the White House on November 8, turning indices in Indonesia and the Philippines into some of the world’s worst performing benchmarks outside Latin America.

The sell-off may not be over, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial