Elsewhere in Southeast Asia, Singapore has a"large representation" of companies — such as banks — that benefit from rising yields, said Raychaudhuri, adding that the country and India, Indonesia and Malaysia are"pockets of safety."
"South Korea and Taiwan, definitely we could see some more pressure, export growth slowdown, currencies remain weak and we are seeing weakening demand for chip sector also, which is very important for these two markets," he told CNBC. Those include their delayed recovery from Covid, the emergence of a digital or"new" economy, and rising interest rates.
Taiwan has a lot of exposure to the slowing global economy and also experienced heightened geopolitical tensions with China.
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