How China Is Reshaping Market Correlations in Asia
Two new studies show Asian equity and currency markets are swaying to the Chinese beat.
A Chinese investor walks past large screens displaying share prices at a securities brokerage house in Beijing, China.
Photographer: WU HONG/EPAThis article is for subscribers only.
How big is China's influence on Asian assets?
Investors seeking an answer to the question have some new figures to mull over.
China's increasing trade and financial heft has ramped up correlations in equity and currency markets in Asia in recent years, challenging diversification strategies for investors as new — and increasingly complex — feedback loops emerge.