Asian ECM stays strong in face of UK-EU fallout

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By Jonathan Breen
30 Jun 2016

The impact of the UK’s decision to abandon its European Union membership hit Asian equity capital markets with varying degrees of intensity this week, with some IPOs wobbling and others braving market jitters to launch deals. But orders have become smaller and there is a clear flight to safety among investors. Jonathan Breen and John Loh report.

Despite the shock and awe on trading floors last Friday (June 24), Asian ECM markets have been far from quiet since. A pair of IPOs in Hong Kong and another in southeast Asia, all of which launched last week ahead of the referendum, had a somewhat bumpy ride ...

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