IHS Markit: Extended US-China trade spat could worsen Emerging Markets rout
|Reuters reports a Market commentary by IHS Markit's Asia-Pacific Chief Economist, Rajiv Biswas, with the key highlights found below.
Protracted trade war hurting Chinese growth, exports could trigger sell-off of Asian Emerging Market assets.
Any economic slowdown in China will hit East Asian economies hard since the nation has become a key export market.
Most East Asian EMs are resilient due to robust growth, strong FX reserves and favorable external account positions.
But "if China sneezes, the rest of Asia will catch a cold"
Extended US-China trade spat could worsen Emerging Markets (EM) rout.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.