Tension is building over the US debt ceiling, spurring investors as far away as Asia to prepare for the worst even if a resolution is the base case and US markets will take the first hit from any potential default.
Singapore is seen having strong legal and banking frameworks and looking to establish itself as the regional leader in tech and crypto. Read more at straitstimes.com.
A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar
The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout.