You are here
YUAN DEVALUATION
Aftershocks of yuan drop may dent Asian economies: analysts
Credit Suisse says five economies are particularly vulnerable: Hong Kong, Taiwan, Korea, Thailand, Malaysia
Cheaper Chinese exports, a slowdown in Chinese tourism and further softness in global commodities in the wake of the yuan devaluation could put a dent in several North Asian economies plus Thailand and Malaysia, which may be tempted to weaken their own currencies to cope, analysts said on Thursday while flagging risks of further rate cuts in Thailand and Korea later this year.
PHOTO: AFP
Singapore
CHEAPER Chinese exports, a slowdown in Chinese tourism and further softness in global commodities in the wake of the yuan devaluation could put a dent in several North Asian economies plus Thailand and Malaysia, which may be tempted to weaken their own currencies to cope,
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
