Asian tigers declawed by trade fail

A growing US economy and low oil prices are not translating into growing trading volumes for Asia’s tiger economies, according to Paul Gruenwald, regional chief economist at Standard & Poor’s. China’s slowdown therefore adds greater pressure on Hong Kong, Taiwan, Korea, Singapore and Thailand, he said. “This change looks structural, not cyclical,” Gruenwald said, speaking at a seminar in Hong Kong on 8 September organised by S&P Capital IQ. East Asia has traditionally be…