Asia in 2013: Chart Analysis Shows the Best Is Yet to Come
Emerging Asia’s experience of the past two decades has in many ways been the inverse of Western Europe’s and North America’s. While Western stock markets boomed during the late 1990s emerging Asia’s collapsed in a large-degree bear market that was for many people even more painful than the one that many Europeans and Americans face now. This chart shows how the Asian Financial Crisis of 1997-1998 plunged many Asian stock markets 70% or more off their highs and devalued many Asian currencies by 30% or more. The crisis was so frightening that at least 100 000 South Koreans donated ...
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