Turkish President Erdogan was tough yesterday, making some experts worry that Turkey has failed to make raises such as interest rate hikes, cutting expenses, and even capital control to save lira.Erdogan showed that he would seek new partners and believe in China, Russia and Qatar for help.However, some experts say that the three countries have their own difficulties that they have to face at home and abroad, and they may not have enough financial or willing to assist Turkey.
As the "Belt and Road andrdquo; Turkey along the country along the route is closely related to China's economic and trade relations. After the first threat of US President Trump's first threatening to implement large -scale sanctions with Turkey last month, Turkish Treasury Secretary Albaila announced that China Industrial and Commercial Bank of China will beProvide a loan of 3.6 billion US dollars (about HK $ 28.1 billion) to energy and transportation companies. The Qatar Communications Office said on Sunday that Turkey is intimate and trusted ally, and has confidence in the Turkish economy. Qatar invested everything in the local area. Erdogan last week was last week.After Trump announced the increase in tariffs, he called with Russian President Putin. Russian Foreign Minister Lavrov also visited Turkey for two days on Monday. In addition to discussing Syrian conflict and regional security issues, he also talked about economic and trade relations between the two countries. However, Tim ASH, an analyst of Bluebay asset management company in the United Kingdom, questioned that all three countries could not help Turkey in the end, because the money involved too much: And "If this is an IMF project, the amount involved is 20 billion to 40 billion US dollars (approximately approximately about156 billion to Hong Kong dollars). Anandrdquo; He believes that China does not necessarily help me from worsening Sino -US relations; Russia is currently not guaranteed by U.S. economic sanctions; Qatar is also unable to suffer in Turkey in full.Fight for the support of the United States during the dispute between the Gulf country.
Pastor of Türkiye Portal, the United States denominated the United States
Turkey must maintain its economy to absorb more than US $ 200 billion (HK $ 1.56 trillion) in financing each year. Some thesex believes that Erdogan will eventually succumb to the United States and release the prisoner of the prisoner Brunson.Turkish social networking sites once rumored yesterday that Brunson will be released this week, but the US Embassy in Turkey clarified that no statement has been issued to say that Brunson will be released.
Sing Tao Daily News: The U.S. Economic Front is widely spread to global currency
By increasing steel and aluminum tariffs in the United States, the weak economy in Turkey has fallen into the stones, causing Turkish Relax to fall and fall, shake investors' confidence in other emerging market currencies, and worry about whether the financial turmoil will be set off. The Hong Kong stock market is also affected.At 430 o'clock, the market closed below 2.8,000.
In this round of emerging market currencies, the currency depreciated against the US dollar. In addition to Andrdquo; Turkish li La, which was shocked by "ANDRDQUO; India's rupee, the Russian ruble fell to two and a half years, South African Rand fell to a new low in June 2016, Indonesia in Indonesia, IndonesiaThe shield is close to three years, and has long been seeking South America Argentine pesos for the rescue of the International Monetary Fund.
These countries are located in Eurasia, Africa and South America, and some are members of the Twenty State Organizations, and some are members of the BRICS. The economic aura fades in this wave of depreciation, and even Euro has fallen to a low level of 13 months.
The influence of the Russian crisis is limited
Turkish President Erdogan appealed that the global and global "Economic War Andrdquo; and how easy it is, in fact, in fact, countries have faced different economic problems and have their weaknesses to make the United States organic.Seven percent, but inflation and interest rates have gone to double -digit, and foreign lending is huge. Once foreign investment questioned its repayment ability, it is easy to produce bone card effects./p>
After Erdogan was re -elected, he found the son -in -law's state finance, and pressured the central bank to not raise interest rates, causing the market to lose confidence in the government's economic and financial policy.Destiny Andrdquo;, the Turkish central bank took measures to stabilize people's heart yesterday. The government scheduled to publish economic plans on Friday.
If there is a debt crisis in Turkey, the most direct influence is Europe.European banks hold the most Turkish foreign debt. On the day Trump announced the addition of tariffs, the stock price of some large European banks fell by 5 %.In addition to the entanglement of tariffs with the United States in Europe itself, it is still necessary to impact the US sanctions on Iran's impact on European companies and oil prices, which affects the economy that is recovering.Policies are destroying employment and economic growth.
At the same time, Russia, which has been strengthened by the United States, said that Treasury Secretary Silu Annov said it would reduce holding US stocks and government bonds to revenge.However, whether it is the economic scale of Turkey or the scale of Russia's U.S. debt, it is quite limited, and the possibility of forming a global crisis is not much, far less than the impact of the Sino -US trade war.
Asia to strengthen defense and avoid storms
The biggest risk is the issue of confidence. The strong US dollar has attracted some funds to evacuate from emerging markets. If the Turkish crisis has accelerated this trend of withdrawal, it is worrying whether it will produce a 97 Asian financial storm -type bone card effect.After experiencing storms in Hong Kong that year, it is inevitable that they pay special attention to the impact on the Asian market.
The United States dispatched economic weapons everywhere, and the global market fluctuations are inevitable; however, many Asian countries that have suffered a lot that year, today's wealth management is much more prudent. In addition to lending foreign debts, it has also strengthened defense work, increased foreign exchange reserves, and established central banks from various local governments.Andrdquo; mechanism.
Although the possibility of reappearing the financial crisis in Hong Kong is relatively low, it still has to face the influence of the Sino -US trade war, and under the strength of the US dollar, the increase in interest rate hikes due to the contact rate of the US dollar, and the strong currency of the Hong Kong dollar against all parts of Asia.Export and travel consumer industry.
