Asian Development Bank
Financing conditions in emerging East Asia remained challenging amid elevated oil prices, higher global bond yields, cautious domestic monetary policy stances, and expectations of monetary tightening in the United States, this edition explains. Covering the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC); Hong Kong, China; and the Republic of Korea, it analyzes how corporate issuance boosted local currency bond and sustainable bond markets in the second quarter. It cautions that AI equity repricing and elevated energy costs could increase volatility and also discusses the financial implications of stablecoins in a special section.