Asian currency players likely to stay on tenterhooks

THE market moves of Monday, Aug 24, 2015, will last long in the memory of those of us who watched it unfold in real time. The Shanghai Composite index slumped 12 per cent in just two days, dragging markets across the world lower. Trillions of dollars were lost.

Some of the dust has settled since those Monday markets but questions remain. There are three main risks to the wider Asian economies and their policymakers moving forward and the implications for people and businesses operating in the region.

Risk No 1 is whether a "currency war" could break out and what the consequences would be.