MIS­SILES AND MAR­KETS

Southeast Asia Globe - - Agenda -

South­east Asia’s mar­kets took a hit last month af­ter Py­ongyang’s lat­est mis­sile launch led to a slight dip in in­vestor con­fi­dence. “It would be wrong to say that mar­kets are not tak­ing any no­tice, but the rel­a­tively muted re­sponses of [Ja­panese Yen], and [South Korean Won] and risk as­sets glob­ally, sug­gest that a sense of fa­tigue on this bel­liger­ence is creep­ing in,” global fi­nan­cial ser­vices firm ING wrote in a note. In­done­sia’s Bank Cen­tral Asia felt the pinch the hard­est, with its shares down 1.4%.

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