Market Pulse: A Party Amid Dark Prophecies
Exactly 20 years ago, Southeast Asian financial markets had a meltdown. Now the damage it inflicted has all but disappeared, even in Indonesia, the hardest hit country in the region. Before the Idul Fitri long break two weeks ago, the stock price index reached its highest point in history. Yields for 10-year government bonds also dropped, a sign of stronger investor confidence. The rupiah exchange rate is stable. The market happily took an extended long vacation.
July 4, 2017
Exactly 20 years ago, Southeast Asian financial markets had a meltdown. Now the damage it inflicted has all but disappeared, even in Indonesia, the hardest hit country in the region. Before the Idul Fitri long break two weeks ago, the stock price index reached its highest point in history. Yields for 10-year government bonds also dropped, a sign of stronger investor confidence. The rupiah exchange rate is stable. The market happily took an extend
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