So Far, U.S. Housing Woes Only Singe Asia

Local lenders are less exposed to the U.S. housing bust and subprime woes, and Asian economies are robust. Still, analysts see rougher times ahead

Ten years after a run on the Thai baht set off the great Asian financial crisis, is a collapse of the American housing market about to trigger a sequel? Many analysts and economists predict that the region is strong enough to withstand winds from across the Pacific, adding that Asian banks do not face huge risk from subprime losses.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.