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Updated · Bloomberg · Jul 6Asia Pacific ex-Japan Loan Issuance Falls 15% to $69 Billion as Iran War Fallout Hits Confidence
1 articles · Updated · Bloomberg · Jul 6Summary
- $69 billion of dollar, euro and yen loans were issued in Asia Pacific ex-Japan in the first half, down 15% from a year earlier.
- The decline left the market at its weakest first-half showing in 16 years, underscoring how sharply regional borrowing activity has slowed.
- Bankers said the fallout from the Iran war is still depressing confidence among both lenders and borrowers, dimming hopes for a second-half rebound.
Insights
With the Iran war over, will the AI boom override Asia's deep economic fears? Why are Asian stocks soaring while the loan market faces its worst slump in 16 years?