lehmans-collapse-triggers-tougher-times-ahead-for-asia

LehmanÆs collapse triggers tougher times ahead for Asia

Net fund flows in Asia were still positive in the first half of 2008, but with the latest drama unfolding on Wall Street, assets will likely decline and inflows could turn to outflows.
Quite predictably, Lehman BrothersÆ decision to file for bankruptcy has sent Asian stock markets into a tailspin, and thereÆs something eerie about what lies ahead.

Normally, in a situation like this, fund managers û who unlike brokers and sell-side analysts take a much longer-term view û would come out in full force to provide some perspective. Many would normally try and turn the situation around by urging investors to scoop up shares of fundamentally sound companies selling at bargain basement prices.

This time around, however, the bold optimistic statements are few and far between. No one can blame them. After all, when a major US investment bank like Lehman Brothers files for bankruptcy, it isnÆt...
¬ Haymarket Media Limited. All rights reserved.

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