Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (June 2026) Capital outflows from EMs have eased over the past couple of weeks in light of the US-Iran peace deal and reopening of the Strait of Hormuz. Outflows could pick up again if the fragile truce falls... 25th June 2026 · 2 mins read
Capital Daily What to make of tech stocks’ latest tumble Today’s big falls in tech stocks without any major catalyst is another illustration of rising volatility in these stocks, a result of what increasingly looks like frothy earnings expectations and/or... 23rd June 2026 · 4 mins read
Asia Economics Update Korea’s booming chip exports mask vulnerabilities Korea’s economy is riding an extraordinary wave of global demand for its AI-related exports and, despite the drag from higher energy prices, we have raised our growth forecasts for this year. But the... 4th June 2026 · 3 mins read
Asia Economics Weekly BoK’s tightening cycle to be gradual, Taiwan boom continues Although the Bank of Korea struck a hawkish tone yesterday, today’s weak activity data and the challenging outlook for domestic demand suggest that any tightening cycle is likely to be gradual... 29th May 2026 · 5 mins read
Asia Economics Update A hawkish hold, as Bank of Korea signals rate hikes coming The Bank of Korea today left interest rates unchanged at 2.50%, but clearly signalled that rate hikes were coming amid concerns about the inflationary impact of higher energy prices. We have adjusted... 28th May 2026 · 3 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (May 2026) Capital outflows from EMs have generally eased over the past month. Further progress in talks between the US and Iran to re-open the Strait of Hormuz would help outflows to decline further. But even... 26th May 2026 · 2 mins read
Asia Economics Weekly Bank Indonesia hikes, who will be next? Bank Indonesia delivered an unexpected 50bps rate hike earlier, driven primarily by concerns over rupiah weakness. We now see a further 50bps of tightening by end-2026. Attention now turns to meetings... 22nd May 2026 · 5 mins read
Asia Economics Update Could the Iran crisis pull the plug on Asia’s chipmakers? If disruption to energy imports resulted in power shortages in South Korea or Taiwan, governments in both places would prioritise chipmakers over households so that chip production could continue to... 14th May 2026 · 3 mins read
Asia Economics Weekly Stimulus in Thailand, Korean inflation under control Thailand is launching a 400bn baht (2% of GDP) stimulus to cut living costs and boost renewables, though the spending risks pushing public debt towards—and potentially through—the government’s 70% of... 8th May 2026 · 5 mins read
Capital Daily Tech stocks versus oil, bonds versus central banks Tech stocks have continued to power ahead despite renewed concerns around the war, but we don’t think they’re completely immune to it. Meanwhile, central bank inaction could be a threat to bond... 5th May 2026 · 6 mins read
Asia Economics Weekly Will Korean consumers continue to shrug off energy spike? March retail sales in Korea rose strongly in both m/m and y/y terms, suggesting households have largely shrugged off the Middle East crisis, with inflation kept in check despite higher global energy... 1st May 2026 · 8 mins read
Capital Daily What to make of the recent surge in semiconductors? This month’s surge in semiconductor share indices mainly seems to reflect signs of growing demand for CPUs used for AI inference and a related need for more high bandwidth memory (HBM) chips. 28th April 2026 · 4 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Apr. 2026) Our measure of EM capital flows suggests that outflows eased over the course of this month, helped by the US-Iran ceasefire announcement. Perhaps more importantly, EM external balance sheets look... 28th April 2026 · 0 mins read
Asia Economics Update Korea: chips and policy support to cushion energy hit Korea’s economy rebounded strongly in the first quarter of the year, on the back of very strong demand for semiconductors. And while strong exports and policy support are likely to support growth this... 23rd April 2026 · 4 mins read
Asia Economics Weekly Jakarta & Manila unlikely to follow Singapore in tightening The Monetary Authority of Singapore tightened its policy stance this week, but we doubt that central banks in Indonesia and the Philippines will follow suit next week – both are likely to keep rates... 17th April 2026 · 6 mins read
Asia Economics Update BoK on hold as Middle East risks clouds outlook The Bank of Korea kept its policy rate on hold today at 2.50%, and hinted that it would be in no rush to adjust monetary policy settings anytime soon as it continues to monitor the impact of the... 10th April 2026 · 3 mins read
