French president-elect Francois Hollande
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Asia 'well placed' for euro shock

Asian markets have rebounded after sinking in response to elections in Europe that have thrown the eurozone's focus on austerity into doubt.

The election of the Socialist Francois Hollande in France and support for anti-austerity parties in Greece has led to concern that Europe's plans to tackle huge debt loads may fall apart.

But Arjuna Mahendran of HSBC Private Bank told the BBC's Asia Business Report that Asia is well positioned to deal with any further fallout from the eurozone's ongoing debt crisis.

  • 08 May 2012