By Hugh Young, Managing Director, Equities – Asia, Aberdeen Asset Management
Asian markets are getting mauled. In recent years the emerging markets have looked vulnerable at times, but not to this extent. So what’s going on?
Investors are mainly concerned about China. What’s changed has been their confidence in the ability of Chinese policymakers to manage the slowdown that has sapped global demand.
That confidence was first shaken when the stock market bubble burst.