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development mean for asia? i put that question to catherine yeung. in terms of what it s going to do for asian markets, it s really going to erase some of the negative sentiment. markets hate uncertainty. this indecisiveness has put a bit of a dampener that we are seeing with the chinese economy. the big countries in this part of the world, china, japan, big holders of us treasuries, so what will this mean for them moving forward? absolutely. $2 trillion worth. we look at those countries, they make up over a quarter of the outstanding monies owed. definitely relief for those governments knowing some kind of arrangement has been made. given the fragile state
development mean for asia? i put that question to catherine yeung. in terms of what it s going to do for asian markets, it s really going to erase some of the negative sentiment. this indecisiveness has put a bit of a dampener that we are seeing. inaudible. the big countries in this part of the world, china, japan, big holders of us treasuries, so what will this mean for them moving forward? absolutely. $2 trillion worth. we look at those countries, they make up over a quarter of the outstanding monies owed. definitely relief for those governments knowing some kind of arrangement has been made.
why would biden say what a good deal it is before the vote? to think that help it pass? no. so what might this mean for markets here in asia? it s a question i put to fidelity s catherine yeung. how have markets respond to this? they petted data say it. figs how have markets respond to this? they petted data say it. $5 a how have markets respond to this? they petted data say it. they petted data say it. as a result of this tentative they petted data say it. as a result of this tentative deal they petted data say it. as a result of this tentative deal breaking, - they petted data say it. as a result of this tentative deal breaking, it l of this tentative deal breaking, it cements the fact that we are avoiding that more calamitous situation of a us default which would have been absolutely awful for the us economy, but also for increasing and ramping up those global recession risks, as well. but that looks like it s off the table, thank goodness. but that looks like it s off the tab
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