Hong Kong Economy Most at Risk of Financial Crisis: Nomura Gauge
- China is next most at-risk economy according to latest update
- Emerging markets rated at higher risk than developed markets
Residential and commercial buildings stand illuminated at night in Hong Kong, China on Friday, Nov. 27, 2015. Secondary private residential property prices dropped 3.9 percent since peaking in September, according to an index published by broker Centaline Property Agency Ltd.
Photographer: David Paul Morris/BloombergHong Kong is the economy most at risk of suffering a financial crisis, with China the second most vulnerable, according to the latest update of an early warning system devised by Nomura Holdings Inc.
The findings don’t mean there will be a crisis. “It’s not a purely scientific approach that is very precise,” Singapore-based analyst Rob Subbaraman said by phone on Friday. “It doesn’t mean that indicators are always accurate or that because they have worked in the past they will work in the future.”