The possibility of a prolonged war in Iraq, an increased threat of terrorism and a mysterious respiratory illness are all combining to damage sentiment in Asia
Now that bombs are falling on Baghdad, some global markets are showing signs of relief that the uncertainty of when the war would start is over. But in Asia, the economic doubts are just beginning. The surge in share prices in the biggest economies fits with many investors' views that the threat of war in Iraq may have unsettled markets more than the conflict itself. Yet Asia's markets fear the war could be messier than hoped and may destabilise some of the region's shakier governments. Some of them, incidentally, also have the region's largest Muslim populations. The concerns give thos...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes