Asia investors look beyond Grexit for stimulus benefits
Singapore
FOR many Asia-Pacific investors, the question is how many days - rather than weeks - Greece's financial meltdown will hurt the region's markets. After that, some see benefits.
While the yield premium that investors demand to hold Asian corporate bonds will probably rise in the aftermath of a Greek default, any movement may be short-lived because the exposure of companies in the region to Mediterranean countries is limited. The average spread on US dollar notes in Asia ranged from 261 to 251 basis points this month and was last at 255 last Friday, JPMorgan Chase & Co indexes show. The euro rose as markets opened on Monday in Asia, extending a three-week gain.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip