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Oil Surge Reshapes Outlook for Asian Stocks, Currencies – SCMP

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities


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Jakarta's population is currently 11 million. Photo: AFP

 

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the spectre of prolonged high prices exposes the vulnerability of energy-dependent countries, the South China Morning Post reported.

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies.

 

Read the full report: South China Morning Post

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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