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Asian equity, currency markets becoming more China-driven: surveys

London

CHINA'S increasing trade and financial heft has ramped up correlations in equity and currency markets in Asia in recent years, challenging diversification strategies for investors as new - and increasingly complex - feedback loops emerge.

Two recent studies reveal just how Chinese-driven other Asian markets have now become - a reminder of the region's vulnerability if market fears over China's economic footing re-emerge.

On Monday, a report from the Bank for International Settlements (BIS) - which its authors say is the first attempt to systematically examine China's impact on Asian financial markets through regression models - concluded that the country's influence on regional equity markets...

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