Asia at 'forefront' of US-China trade war fallout: ING


Posted at Feb 12 2019 10:35 AM | Updated as of Feb 12 2019 10:56 AM

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MANILA -- Asia will be at the "forefront" of the consequences of the trade war between the US and China, ING Bank said Tuesday.

Financial markets will also monitor world oil prices, elections in other Asian countries and policy moves by the Federal Reserve, said ING Bank head of research for Asia Pacific Rob Carnell.

"It is messy, it’s complicated there’s far too many moving parts here to come out with an absolutely definitive spot forecast of what’s going to happen," Carnell said. 

"These elections, most of them, are going to be close races and we could see the removal of incumbent politicians and that’s usually a negative for financial markets," he added.

Thailand is holding in March its first elections since a military takeover in 2014. The Philippine midterm elections will be held on May 13, seen as a referendum on President Rodrigo Duterte.