Coups and crisis: Can nothing dent confidence in Asia?

Asia’s underperformance last year was largely on the expectation that tapering of quantitative easing (QE) and increases in US interest rates would lead to the downfall of the region’s equity markets.  Having benefited from the overflow of QE liquidity, it was assumed that its reversal would undermine Asian growth and lead to a major capital withdrawal – with the race for yield being run much closer to home. Asian markets on the up Year-to-date, however, Asian markets have staged at least a partial recovery.  Despite the first half continuing to provide some challenging economic...