y Prakash Chakravarti and David Lau HONG KONG, Nov 17 (Reuters) - Asia's booming credit markets are not yet bubbling over, with investors drawing a line at exotic perpetual bonds, though some equity valuations in red-hot Southeast Asian bourses appear stretched. Asia ex-Japan, with its favourable economic fundamentals and stable balance sheets, has been a magnet for foreign capital, one whose attraction have been made all the more powerful by expectations that money will stay cheap in advanced economies for a long time. A growing number of emerging economies in Asia and elsewhere in the world have been imposing or considering capital controls to keep the influx of speculative money from feeding potentially destabilising bubbles and complicating policymaking even further. Visiting bankers from the West have been struck by the boldness of Asia's nouveau riche, who last month bought three bottles of 141-year-old Chateau Lafite Rothschild wine at Sotheby's in Hong Kong for $232,692 each, nearly triple the highest estimate. It's no surprise then that...
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