Hong Kong and Mongolia are most exposed given the high concentration of their exports that are absorbed by China. Singapore, Vietnam, Taiwan, Korea and Malaysia are also vulnerable. These trade-driven economies are key nodes in the manufacture of intermediate products, especially for electronics, a sector particularly exposed to the US-China trade and technology disputes.
SINGAPORE (Mar 20): Singapore is among Asia Pacific countries that are most vulnerable to falling trade volumes globally in part due to ongoing tensions between the US and China, says ratings agency Moody’s Investors Service in a Tuesday report.
“Given the uncertain outlook for growth and trade policy, as well as generally tighter financing conditions, slower investment growth will amplify the trade slowdown, especially in Hong Kong, Singapore, Taiwan, Vietnam and Mongolia,” says Christian de Guzman, a Moody’s Vice President and Senior Credit Officer.
