Opinion: Why Seoul’s market rarely responds to threats

Copying and distributing are prohibited without permission of the publisher

Opinion: Why Seoul’s market rarely responds to threats

November 24, 2010 (Last updated: November 30, 2010)

The latest exchange of artillery between the two Koreas is just the most recent in a long line of standoffs. The tension surrounding these incidents would be expected to damage market sentiment, yet history proves that it rarely budges, observes Chris Wright.

The exchange of fire between the North and South Korean military yesterday (November 23) has made market bears especially nervous.

It’s easy to see why: the Korean situation could easily escalate, and it’s natural that markets would underperform in the...

This content is only available to Asiamoney PLUS subscribers or trialists.

If you have a username and password, you can login here.

Otherwise, please take a free trial or subscribe for unrestricted access.

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.

Free Trial

SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

Asiamoney Views

Thailand must let bond investors think for themselves – opinion

21 May 2013 | The Thai MoF’s cosseting of investors is bordering on the ridiculous. The treasury must start letting bondholders think for themselves if it doesn’t want to damage the domestic market.
Korean credit rating agencies overrated – opinion

15 May 2013 | Korean credit rating agencies need to work harder to boost market transparency in order to instill confidence the nation’s financial system which has been plagued by rising delinquencies and NPLs.
Too much of a good thing for the Philippines – opinion

14 May 2013 | The Philippines should employ macro-prudential measures to avoid the risk of being derailed by capital inflows due to its recent promotion to investment grade.
Japan’s ballooning debt must take a back seat – opinion

13 May 2013 | Japan has taken heat for tackling the yen before remedying the country’s inflating debt level. While this remains a serious issue, the reality is that Japan must kick the can to deal with debt later.

Upcoming events