Asia's emerging economies are better placed than most other regions to weather a bout of turbo-charged US policy tightening, analysts say, but with a health warning that investors shouldn't rush in.
The US Federal Reserve raised interest rates by 75 basis points on Wednesday, the largest hike in more than a quarter century, and flagged further steep increases for the rest of the year to curb surging inflation.
In contrast, only hours earlier, China's central bank kept rates unchanged in the world's second-largest economy for a fifth straight month.
Expectations of aggressive US tightening had already caused a violent selloff in global stock, bond and even cryptocurrency markets, although Asian currencies and stocks rallied on Thursday.
Read More : https://www.thenationalnews.com/business/economy/2022/06/18/is-asia-better-placed-to-handle-impact-of-us-policy-tightening/
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