Fed, Kim among main risks for Asian markets this summer: Citi

Fed's move will have greater impact in Asia as the dollar is the more important currency

The smooth sailing for Asian emerging markets this year has Citigroup analysts getting antsy. They’ve identified four major risks that could lead to a more turbulent second half.

While resilient growth, benign inflation, a carry-friendly environment, Chinese reforms and market-friendly political transitions could still be the dominant themes for the region over the rest of 2017, the outlook is “uncomfortably sanguine,” analysts led by Asia-Pacific chief economist Johanna Chua wrote in a July 21 report. Here’s a look at four key risks facing Asian markets.

Hawkish Fed

How far will major central banks including the Federal Reserve and European Central Bank go to