Two Decades After Crisis, These Three Asia Markets Are Still Down
- Japan, Thailand and Taiwan are trading below pre-crisis peaks
- South Korea stocks defy tension with neighbor to post records
Images Of Thai Economy As GDP Figures Are Released
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Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide sell-off two decades ago.
Japan’s Topix Index reached a record high in dollar terms in December 1989. On Tuesday, it was trading 29 percent lower. Thailand’s SET and Taiwan’s TWSE make up the trio of gauges that have failed to regain past glories since the 1997 crisis.