scorecardresearchUS Fed Risks Are Pushing Global Funds to Flee Emerging Asia Stocks Again

US Fed Risks Are Pushing Global Funds to Flee Emerging Asia Stocks Again

Updated: 20 Sep 2022, 08:31 AM IST
TL;DR.
Even though emerging Asia’s foreign reserves and overall policy management have been better than during the taper tantrum of 2013, a supercharged dollar that’s forcing monetary tightening across the region has spared few markets from a rout.
The seal of the US Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington, D.C., US, on Tuesday, Aug. 23, 2022. The Federal Reserve chair's speech this week at the Jackson Hole symposium is expected to offer clues on the Fed's tightening path, with hedge funds making record bets that the US central bank will stick to its hawkish script. Photographer: Graeme Sloan/Bloomberg

The seal of the US Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington, D.C., US, on Tuesday, Aug. 23, 2022. The Federal Reserve chair's speech this week at the Jackson Hole symposium is expected to offer clues on the Fed's tightening path, with hedge funds making record bets that the US central bank will stick to its hawkish script. Photographer: Graeme Sloan/Bloomberg