Asia’s rollercoaster ride to continue

Share prices in Emerging Asia registered losses as worries over the global outlook intensified. However, equities in Emerging Asia fell by less than in other parts of the world. This makes sense given that fears over slowing growth are focused elsewhere, and because Asia’s policymakers have room to introduce more policy stimulus. Nonetheless, heightened financial-market volatility is likely to bring at least a brief pause in most tightening cycles across the region.