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Monday, 5 June 2017

Why Investors Aren't Panicking Over Qatar's Stock Slide - Bloomberg

Why Investors Aren't Panicking Over Qatar's Stock Slide - Bloomberg:

"Investors schooled in the diplomatic ups and downs between Qatar and other Arab nations say there’s no reason for panic. The Gulf nation’s equities plummeted the most since 2009 as four Arab nations push to isolate Qatar for its ties to Iran. If history is any guide, the tensions won’t have a lasting impact on the country’s financial assets. “It’s not the first time there have been diplomatic problems,” said Viktor Szabo, a London-based money manager at Aberdeen Asset Management Plc, which oversees $11 billion of emerging-market assets. “While this is bad for the economy, it’s not tragic. It’s not so much a prime tourist destination, it’s more a financial center.”"



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