Asia’s markets aren’t likely to repeat the taper tantrum selloffs as the Federal Reserve edges closer to eventual policy tightening, analysts said.
“This insistence that somehow we follow American interest rates [in Asia] is just not true,” Andrew Freris, CEO of Ecognosis Advisory, told CNBC. “We have decoupled a long, long time ago,” he said.
“Simple example: the best performing market in Asia right now year-to-date in U.S. dollar terms is India. The third best performing is Indonesia. Both of them have seen increases in their local interest rates in the last six months,” he said.