What Asian Contagion?

Asia-Pacific regulators, especially in Australia, Hong Kong and Singapore, see little reason to clamp down on hedge funds.

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Asia has lived through more than its share of market meltdowns. But as devastating as 2008’s credit-induced global collapse has been, many investors in the region say that for them it pales beside the Asian financial crisis of a decade ago, when several countries teetered on insolvency.

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