Asia high yield looks to shrug off post-Brexit blues

By Max Bower, Narae Kim
30 Jun 2016

It was high yield that sprung back to life in Asia this week, while investment grade counterparts remained on the sidelines amid a cautious environment. Market participants remain hopeful that the region’s high yield market will benefit from a possible Brexit-driven pivot from European investors, write Narae Kim and Max Bower.

Britain’s decision to leave the European Union last Friday caused severe market convulsions — the pound dropped to its lowest level in over 30 years, while Barclays’ share price tanked 30% at one point last Friday.

Asia was not isolated from the shock either. Hong Kong’s Hang Seng ...

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