- Southeast Asian markets barely flinch in the wake of the Fed's move to pare its asset purchases by $10B per month.
- Some feared emerging markets in the region would post big losses at the first sign of the taper.
- The only index trading notably weaker is the PSEi (EPHE), but even there losses are limited to 0.6%. Stocks in Indonesia (IDX, IDXJ, EIDO) are up 0.85% to a one-week high.
- Markets in Turkey did see some turmoil in the wake of the Fed decision, prompting the country's central bank to step-in and pledge support for the lira. The move comes as economists grow increasingly concerned with what one analyst recently called "the continued complexity of [the central bank's] policy scheme." Turkey ETF: TUR.
Southeast Asia takes taper in stride, Turkey shivers
Dec 19 2013, 09:24 ET