HIS Markit: Extended US-China trade spat could worsen Emerging Markets rout

Reuters reports a Market commentary by IHS Markit's Asia-Pacific Chief Economist, Rajiv Biswas, with the key highlights found below.

Protracted trade war hurting Chinese growth, exports could trigger sell-off of Asian Emerging Market assets.

Any economic slowdown in China will hit East Asian economies hard since the nation has become a key export market.

Most East Asian EMs are resilient due to robust growth, strong FX reserves and favorable external account positions.

But "if China sneezes, the rest of Asia will catch a cold"

Extended US-China trade spat could worsen Emerging Markets (EM) rout.