Frightful February ends buy everything calls in emerging Asia
In just one month, emerging Asian assets have gone from a buy to sell. And all signs point to continued caution in March.
By Bloomberg News, with assistance from Karl Lester M. Yap, Malavika Kaur Makol and Yumi Teso
Outflows from north Asian stocks gathered pace, regional currencies languished at multi-month lows and global funds dumped local bonds in a particularly brutal February. The optimism evaporated as a repricing of US rate-hike bets eroded appetite for risk assets and sent investors back to the safety of the dollar.
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