Sunday 28 October 2018

Investors Vexed by Khashoggi Furor Say It Will Pass - Bloomberg

Investors Vexed by Khashoggi Furor Say It Will Pass - Bloomberg:

The furor over the murder of Saudi columnist Jamal Khashoggi may soon be seen as little more than a blip for the kingdom’s battered markets, according to investors.

After all, they’ve overcome so many crises before.

“It will probably create some negative headlines but at the end of the day, people will forget after a while and it will have minimum impact on Saudi Arabia’s economic activities and also the credit quality,” said Carl Wong, a senior money manager at Hong Kong-based Nexus Investment Advisors Ltd., which oversees $490 million.

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