Sick Turkey contagion won’t cause an Asian crisis

[McFurd]

The Star On Line - 8/13/2018 - Shuli Ren - All it took was new sanctions and a defiant speech. The Turkish lira’s 24 percent slump since last Friday is prompting fears of another emerging markets crisis, with developing countries seeing a “sudden stop” in foreign capital inflows once again. On Monday morning, emerging Asia stocks slipped 0.8 percent, while currencies weakened. Indonesia’s Jakarta Composite Index suffered its biggest intraday fall since 2016. Read more @ https://www.thestar.com.my/business/bus ... an-crisis/