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Reuters with the news from Fitch ratings:
- Brexit has no direct APAC sovereigns, bank ratings impact
- UK's vote to leave European Union has no immediate direct ratings impact on Asia-Pacific sovereigns or banks
- Spike in political uncertainty in UK - and resulting effects on investor risk appetite - could pose greatest challenges for Asia in short term
- Brexit will add to short-term challenges for japan to escape deflation as well as raise risks to export sector
- Direct impact from UK trade on Asian economies is also likely to be limited
- Emerging Asia will remain fastest-growing global region
- China is likely to remain a much more significant driver of economic outcomes in APAC than Brexit
- US Fed slowing pace of its rate increases, could play a key role in calming markets
A sanguine view from Fitch. In this interconnected world I wonder if they are right to be so.