The Evolution of Asian Stock Markets During the Asian Financial Crisis It is necessary to study the evolution of the stock markets and the inflow of money that went to the Asian economies in order to understand the financial crisis of 1997 1998.
Asian Financial Crisis July 1997December 1998. A financial crisis started in Thailand in July 1997 and spread across East Asia, wreaking havoc on economies in the region and leading to spillover effects in Latin America and Eastern Europe in 1998.
By 1999, many of the countries affected by the Asian Financial Crisis showed signs of recovery with gross domestic product (GDP) growth resuming. Many of the countries saw their stock markets and currency valuations dramatically reduced from pre1997 levels, but the solutions imposed set the stage for the reemergence of Asia as a strong investment destination.
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