October Rout Woes Grip
Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank, Singapore
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Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank, Singapore, discusses whether the Jamal Khashoggi incident has become a determining factor in a turbulent oil market as well.
He then comments on yesterday's market rout in the NASDAQ, S&P and Dow in the context of fund flows to safer assets like US T-Bills and the Japanese Yen.
He also discussed interventionist measures by China's PBOC to help stopper the bleeding and whether this would continue going forward.
He ends with a view on Malaysia's Ringgit as the country goes into a period where the new govt announces its maiden budget and it re-evaluates its development plans, having just completed a mid-term review for its 11th Malaysia Plan.
Presented by: Melisa Idris, Joyce Goh, Khoo Hsu Chuang
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