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Opinion

Asia's Trump stock rally carries risks

Echoes of 1997 and 2007 in frothy Asian equity markets

| China
Mainland Chinese stocks declined on Friday due to concerns about higher credit costs.   © Reuters

The Donald Trump rally coincides with two anniversaries for Asian stocks -- neither very comforting.

The obvious one is 2007, just before the "Lehman shock" pulled the rug out from under global markets. Last week, Asian shares surpassed their 2007 peak, with the MSCI Asia Pacific Index up almost 30% this year.

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