As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 21 August 2013

Malaysia next in crosshairs as Asian contagion risks grow


[KUALA LUMPUR] Indebted, commodity-dependent Malaysia will be in investors' crosshairs on Wednesday as heavy selling of Indonesia and India's currencies threatens to spread to other Asian economies seen as most vulnerable to a withdrawal of US monetary stimulus.

After Indonesia, where concerns over a gaping current account deficit sparked a stock market and currency rout this week, Malaysia and neighbouring Thailand are seen as the most vulnerable Southeast Asian markets to contagion effects.

"There is a lot of resemblance to prior crises like 1997-98. We have had two countries going down, India and Indonesia, and now you have got to start thinking about the third and fourth countries," said Pradeep Mohinani, a Nomura credit analyst in Hong Kong.

"The likely candidates would be those with high fiscal deficits, slowing economies and high foreign ownership of government bonds. Thailand and Malaysia tick most of the boxes in that regard."

Economists say that both those countries, as well as the fast-growing Philippines, are to some extent protected from major turmoil by their much stronger external balances compared with Indonesia and India.

No comments:

Post a Comment

Related Posts with Thumbnails