Asean balance sheets appear to hold up 'very well' amid US liquidity tightening pressure, says Eastspring portfolio manager
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The balance sheet of Asean economies, including Malaysia, has held up well in withstanding pressures from the US liquidity tightening process over the past two years. When the expected interest rate cut by the US Federal Reserve takes place, the Asean economies are set to shine given their resilient balance sheet and attractive valuations. Historically, Asean economies tend to perform poorly whenever the US Fed raises interest rates, but this time they have held up well. The Chinese market appears to have bottomed with signs of recovery showing up, particularly in the manufacturing sector and nascent signs of consumption recovery.

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https://theedgemalaysia.com/node/707559