Temasek and Kookmin choose their timing well

Last week's block trades made good use of the rebound in equity markets, but also come ahead of a slew of other potential deals in the financial sector in the second half.

Temasek and Kookmin choose their timing well
Citic Securities is among a glut of financial issuers lined up for the second half (AFP)

The sell-off in Asian markets yesterday following Friday’s disappointing employment data in the US and signs of slowing domestic demand in China made the timing of last week’s sell-downs in the financial sector seem even more prescient. However, it is likely that the sellers were much more concerned about getting ahead of a large pipeline of deals in the sector than the effect that a deteriorating economy might have on the region’s banks.

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