The combination of delta variant surge and low vaccination rates has made Southeast Asia the world’s worst virus hotspot and its financial markets are feeling the brunt.
Stocks have slumped as deaths in the region soar, with benchmarks in the Philippines and Vietnam leading global declines over the past month. Del Monte Philippines delayed its initial public offering this week citing market volatility from rising caseloads, and some analysts are predicting more losses for Southeast Asian currencies that have lagged the broader region this quarter, with the Thai baht at its weakest since 2018.
"asia" - Google News
August 06, 2021 at 04:56AM
https://ift.tt/3xFpGGd
Southeast Asia Assets Go From Bad to Worse as Delta Hurts Region - Bloomberg
"asia" - Google News
https://ift.tt/2YpEquI
https://ift.tt/2WkdbyX
Bagikan Berita Ini
0 Response to "Southeast Asia Assets Go From Bad to Worse as Delta Hurts Region - Bloomberg"
Post a Comment