Product Description
by Asian Development Bank (Author)
This edition shows that financial conditions in emerging East Asia have improved since July, leading to declining bond yields, amid moderating inflation and expected interest rate cuts both in advanced economies and the region.
Emerging East Asia's currencies appreciated against the United States dollar and risk premiums narrowed. Regional equity markets gained except in the People's Republic of China and Hong Kong, China, where weak economic performance weighed on equity performance. Emerging East Asia's equity market recorded inflows of $7.6 billion between June and mid-August. Meanwhile, the local currency bond market expanded 2.3% by the end of June compared to the previous quarter, reaching $25.1 trillion.
