Possible scenario
Crisis Management Improves
10%
+0.1%
A lower-probability but constructive outcome is that the dispute pushes ASEAN members to press harder for communication mechanisms. Beijing and Manila could still disagree on sovereignty while reopening operational channels to reduce accident risk.
What it moves
- Consumer Services+0.2%
- Industrials+0.1%
- Market volatility
- Riskier companies' borrowing costs
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