Asia seeks 2024 redemption for IPOs
2023 was a testing time for many of Asia's stock markets through a combination of weak performance and a lack of IPOs. FA looks at what went wrong, how sentiment might improve and some of the continent's bright spots.
JaneWalter
2023 was a testing time for many of Asia's stock markets through a combination of weak performance and a lack of IPOs. FA looks at what went wrong, how sentiment might improve and some of the continent's bright spots.
February 27, 2024
After a relatively poor 2022, while some Asian stock markets performed well in 2023, such as India and Japan, others including China, Hong Kong, Singapore and Australia languished as geopolitical tensions, rising interest rates and poor performing domestic economies knocked investor confidence.
There was also a downturn in mergers and acquisitions MA in Asia Pacific, with 155 deals completed in 2023 with volumes down 23% compared to 200 deals in 2022, according to WTW.
Broadly, investors were spooked by a combination of higher for longer interest rates from the US Federal Reserve, a lacklustre economic performance in China post-pandemic with the property sector dragging confidence,...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 3 articles from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
/cdn.vox-cdn.com/uploads/chorus_asset/file/23630242/acastro_STK052_02.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/25301215/STK463_SCOTUS_B.jpg)
