Asian equities at risk of Greek rescue-package fears
Kirby Daley, strategist at Newedge, connects the dots between a loss of confidence in Europe and the likelihood of a flight to quality that sucks liquidity out of Asia.
The rescue package for Greece can at best delay a reckoning for the entire universe of indebted developed countries. If it is not seen as a success by global investors, it could trigger a risk aversion that will prompt outflows from Asian and emerging stock and bond markets, warns Kirby Daley, senior strategist at Newedge Group in Hong Kong.
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