Market View: Potential legal action from Credit Suisse’s AT1 bondholders; Impact of banking crisis in the US and Europe on Asia and tightening cycle in China, the Philippines and India; Inflow of funds into Asia and Greater China region; Whether Asia can be seen as a safe haven amid ongoing volatilities; Expectation for Fed’s interest rate decision on Wednesday

Your Way Home with Hongbin Jeong · Mar 21, 2023 · 12m

Singapore shares opened higher today, after US and Europe equities rose overnight. The Straits Times Index rose 0.8 per cent in early trade to 3,163.43 points after 73.6 million securities changed hands. Further abroad, lawyers from Switzerland, the US and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bondholders about possible legal action after the takeover by UBS wiped out AT1 bonds. But what can we expect on this front? On Market View, the Drive Time team posed these questions to Ken Shih, Head of Wealth Management, Greater China, SAXO Markets. They also spoke about…