Dancing on a floor of ‘hot money’, Asian markets were on a rampage in mid ‘90s, but what followed next was out of their wildest dreams. As per the Institute of International Finance, net equity investments in South Korea, Indonesia, Malaysia, Thailand and the Philippines zoomed up from $12.2 billion in 1994 to $19.1 billion in 1996. With the South Asian currencies coming under pressure in 1997, these figures plunged to negative $4.5 billion, resulting in the biggest turmoil in Asian financial markets till date, ruining many financial institutions. For examples, while the Thai stock market lost 75% of its value, the PSE Composite Index in Philippines fell from a level of 3000 to 1000.
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source IIPM-Editorial,2006
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source IIPM-Editorial,2006
