More capital outflows from emerging Asia expected in H2
Countries facing current account deficits - such as Indonesia, India - at higher risk as greenback rises and central banks tighten monetary policies
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Singapore
CAPITAL outflows from emerging Asia could persist in the second half of this year on the back of rising trade tensions, a strengthening US dollar and tightening monetary policies by central banks around the world with countries facing current account deficits - such as Indonesia, India and the Philippines - at higher risk.
One estimate from Credit Suisse put the capital outflows from Asia ex- China and Japan equity markets year-to-date at close to US$25 billion - the highest the private bank has seen since the global financial crisis.
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