The economic uncertainty dogging the Asia Pacific region excluding Japan (AXJ) has not stopped corporations from making several high-profile merger and acquisition (M&A) deals in the past nine months, new figures show.
Asia Pacific saw M&A deals worth $770.9 billion announced between January and September, overtaking Europe to become the second most active region after the U.S., according to a report by Dealogic.
China, despite reports of an economic slowdown, contributed to nearly 50 percent ($384.3 billion) of M&A volume in the region, followed by Hong Kong ($125 billion) and Australia ($86.1 billion). Japan’s targeted M&A volume was $59.2 billion, a slight year-on-year decrease.
The deal value in China between January and September was nearly 50 percent higher from the same period last year.
Dealogic tracks M&A deals at the time they are announced; if deals fall through, they are omitted in the next counting cycle.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.