Emerging markets escape fairly lightly from Brexit shock: IIF

Tokyo

THE "Brexit" shock has had relatively little adverse impact upon capital flows into emerging markets so far with those in Asia and elsewhere seeing net inflows since last Friday and those in Europe registering only modest outflows, the Institute of International Finance (IIF) said on Thursday.

But that is about where the post-Brexit good news ends, said the Washington-based institute that speaks on behalf of the world's leading banks and investment institutions and that monitors capital flows.