China reopening, earnings rebound to boost North Asian equities -investors

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Equity markets in North Asia will outperform the broader region this year, buoyed by China's reopening and a post-pandemic recovery-led earnings rebound, investors and strategists said.Liquidity from easing monetary and fiscal policy, along with Asian central banks' early victory on inflation, is expected

Equity markets in North Asia will outperform the broader region this year, buoyed by China's reopening and a post-pandemic recovery-led earnings rebound, investors and strategists said.

Grace Tam, chief investment officer-Asia at BNP Paribas Wealth Management, expects North Asia to outperform this year following a strong 2022 from South Asian equities. Even as over $51 billion have left global equity funds from January to April, China, Japan and Taiwan have seen inflows of $2.6 billion, $8.1 billion and $2.3 billion respectively, Refinitiv Lipper data shows.

"In the offshore market, the large-cap tech names ... are far more into the cost-cutting cycle than, say, the large-cap tech U.S. names," Yoder said, adding that the reopening will further boost their revenue lines."China's growth recovery and North Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," it said in its second-quarter outlook.

 

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