Sorry, you need to enable JavaScript to visit this website.
メインコンテンツにスキップ
メインコンテンツにスキップ

新興市場

特別レポート

Taiwan's opposition Democratic Progressive Party is poised to win the presidency and possibly the legislature in elections January 16. The result will be icier cross-strait relations in the coming years that will add a geopolitical headwind to Taiwanese assets, even as it struggles to cope with a low-growth world. Taiwan still has advantages over other emerging markets, but its outlook is darkening.

There are not many examples of a genuine bear market in EM stocks driven by domestic fundamentals that we can examine to illustrate the impact on G7 markets. The 1997-98 Asian/EM crises is probably the only episode that approximates the current dynamics to a…