Western Europe | Emerging Europe | Latin America | North America
TO BORROW A popular football term, 2003 was a year of two halves. The Sars epidemic shut down most of Asia’s capital markets for much of the first six months. But then despite the vicious effect that the illness had on the region’s economy, the speed with which the markets turned around in the second half of the year was impressive.
Equity issuance from key markets, particularly in north Asia, including Korea, Taiwan and China, was exceptionally strong as issuers tapped the markets rapidly when the primary issuance window opened unexpectedly.
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