Credit Suisse sees 'improving' fundamentals for Asia stocks, with Hong Kong at its 'cheapest' levels in decades

Farris said there are three main factors behind this view, including Asia being "cheap" relative to many other developed markets.

An investor watches the electronic board at a stock exchange hall on February 25, 2019 in Nanjing, Jiangsu Province of China.As the world attempts to restart economies ravaged by lockdowns intended to curb the spread of the, Credit Suisse sees an opportunity in Asia, where the fundamentals for stocks are "improving."

Ray Farris, the firm's chief investment officer for South Asia, told CNBC's "Squawk Box Asia" on Wednesday morning that there were three main factors behind this view."A second key factor in Asia's favor is that global liquidity levels continue to rise and within Asia itself … liquidity levels are rising," he said. Thirdly, Farris added that Asia looks "cheap" at these levels as compared with many developed markets — particularly the U.S.

Credit Suisse must have completed its position building started in May.

nothing is ever 'cheap'. nothing is ever 'expensive'.

Even Asians don’t invest in Asian markets....

I wonder why.... hmmm

Lol I remember when Credit Suisse used to be relevant

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed bolsters credit market support with latest launchThe New York Federal Reserve's planned launch on Tuesday of a bond-buying facility could help ease the potential stigma for companies of asking for help and create an important framework for what the central bank steps in to purchase, analysts and investors said. The FED is most definitely all in at this point.
Source: Reuters - 🏆 2. / 97 Read more »

Federal Reserve to shift to bond purchases from corporate-credit ETFs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »