Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
Najib Razak was sworn in as Malaysia’s prime minister after his coalition won a mandate extending its 55-year rule, with stocks and the ringgit rallying even as Anwar Ibrahim’s opposition vowed to contest some results.
Fitch Ratings Ltd. cut China’s long-term local-currency debt rating, citing rising risks to the country’s financial stability given the lack of transparency in the increased borrowing of local governments.
Pacific Investment Management Co.’s top debt picks are utility and energy companies that will benefit as China shifts to a consumer-driven economy, while indebted companies tied to the old export-led model suffer.
Quantitative easing in developed countries is a “key theme” for credit risk in emerging markets, Andrew Colquhoun , head of Asia-Pacific sovereign debt at Fitch Ratings, said today at a conference in Hong Kong.