Asia's markets aren't likely to repeat the taper tantrum selloffs as the Federal Reserve edges closer to eventual policy tightening, analysts said.
"This insistence that somehow we follow American interest rates [in Asia] is just not true," Andrew Freris, CEO of Ecognosis Advisory, told CNBC. "We have decoupled a long, long time ago," he said.
"Simple example: the best performing market in Asia right now year-to-date in U.S. dollar terms is India. The third best performing is Indonesia. Both of them have seen increases in their local interest rates in the last six months," he said.
As the Fed continues to taper its asset purchases, announcing Wednesday plans to reduce its bond-buying program by another $10 billion to $35 billion a month, some analysts are concerned that the approach of the first interest rate hike could cause a repeat of the convulsions suffered by emerging markets last year and early this year.