, the backdrop remained positive for mining and energy stocks, which are a key part of the ASX.
King was perhaps the most overtly bullish on the mining sector, predicting it could help the Australian market do “quite well over the next couple of years.” Griffiths said Australian shares were priced in line with long-term average valuations, and he believed that despite “headwinds,” the economy could continue to outperform.Liu argued the situation facing Australia’s market was “fantastic” compared with other markets. She said there could be a dip in earnings next year, but the economy remained in good shape, and it was benefiting from its heavy exposure to commodities.
“I believe we’re in a bear market in the United States, which is very important for markets around the world,” Holowesko said.