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HSBC flags similarities to 1997 Asian crisis amid rising yields

Reported · Written up by our desk · Asia

CNBC World reports that HSBC chief economist cited notable parallels between today’s market conditions and the 1997 Asian Financial Crisis.

The outlet points to a backdrop marked by surging U.S. bond yields, a weak Japanese yen, and investor optimism around technology as key features leading up to the crisis.

HSBC’s assessment focuses on how those factors have shaped the financial environment, suggesting investors are once again watching for stress patterns similar to those seen in the late 1990s.

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