Big year. That was the most dramatic, eventful 12 months seen in the region since the financial crisis. The highs and lows were extreme, with debt and equity markets often trading in opposite directions, completely oblivious to each other’s booms or busts. There was a lot going on but if one were pressed to choose the dominant theme for Asian markets in 2007, this would be it: the localisation of Asian finance. The region’s domestic markets are coming to the fore. As China and India take their place among the planet’s economic giants there is...Read more