Credit Suisse sees Hong Kong stocks, Asian credit among top bargains this year

SINGAPORE - Asian credit and Hong Kong stocks are among the best buys for investors this year, and the region is set to benefit from a falling U.S. dollar, Credit Suisse said on Tuesday.

The call follows similarly bullish forecasts from Morgan Stanley and Citi, among others, just as global markets pause a rally that has carried world stocks some 40% higher since March. With monetary policy accommodative and signs of recovery in growth, underperforming markets - such as Asian equities - will find support, Farris said, calling out Hong Kong in particular.

"That bad news is very much in prices," Farris said."Hong Kong, at these valuations, is an attractive, interesting opportunity."

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