DBS CEO warns of China spillover

The exodus of funds from China’s stock market could hurt investor confidence across Asia and is likely to slow the pace of liberalisation in China, says DBS's Piyush Gupta.
DBS's CEO Piyush Gupta
DBS's CEO Piyush Gupta

DBS’s chief executive officer Piyush Gupta believes China's stock market turbulence has the potential to dent investor confidence across Asia.

At a media briefing held on Thursday at the bank's headquarters at Marina Bay Financial Centre Tower 3, he said the uncertainty that was being generated could spill over across the region.  

The problem with China right now is that it’s in panic mode, Gupta told reporters. If you get into panic mode, investor psychology is difficult to predict, you can get tail events. 

Chinese equity markets in late June and...
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