In Emerging-Market Rout, Asian Economies Are Financially Healthy

Asian emerging economies, particularly those in Southeast Asia, are in a stronger position financially than their global peers to weather risks from rising U.S. interest rates. Four of the top eight economies on a vulnerability index by Thailand’s Bank of Ayudhya Pcl are from Southeast Asia, with only Indonesia falling lower down on the scale, according to a July 20 research note. Taiwan and Thailand take the top two slots in terms of financial health, with Turkey, Argentina and Venezuela rounding out the bottom of the index. Indonesia was No. 16. Read More @ https://www.bloomberg.com/news/articles/2018-07-23/in-emerging-market-rout-asian-economies-are-financially-healthy

Duterte Is Rising

President Rodrigo Duterte is getting more popular — his approval and trust rating are rising among the Filipinos. That’s according to a Pulse Asia survey conducted last month and released on Friday. Duterte enjoys an approval rating of 88% and a trust rating of 87%, up from 80% and 82% back in January. That should come as a surprise to outside observers. Most of his policies hardly deserve the approval and trust of the Filipino people. Like his flip-flops on the South China Sea disputes, which in essence cede control of the country’s undersea resources to Beijing. And they will put Manila in the middle of an open military confrontation between China and the U.S., trying to decide who’s the friend and who’s the enemy. That’s the wrong place for a country to be. Then there’s Duterte’s war against drug trafficking. It’s a war that leaves the country deeply confused, and divided, and at odds with international rights agencies, including the UN. Read More @ https://www.forbes.com/sites/panosmourdoukoutas/2018/07/14/duterte-is-rising/#306b966565d1

WHAT IS THE PSEi TECHNICAL CHART SAYING?

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