JPMorgan strategist says now could be the best time to buy Asia stocks

The best time to buy Asia stocks may be now, said Mixo Das, Asia equity strategist at JPMorgan.On opportunities in China, Das said technology stocks are still a "buy" for investors with a long-term horizon.SINGAPORE — The best time to buy Asia stocks could be now, a JPMorgan strategist said Wednesday.

Mixo Das, Asia equity strategist at the bank, said U.S. markets have been hitting record levels while Europe and Japan are approaching their all-time highs. However, Asian markets have not seen the same trend. "Ever since the highs in February we're down quite a bit in Asian equities and the way we look at it is, our framework is telling us that now is probably the best time to be taking risks in Asia," he told CNBC's "Das said investor positioning in Asia is currently "extremely, extremely light" while valuations have come down to more normal levels. If macroeconomic momentum in the region starts to stabilize, Asia stocks could move a lot higher, he added.

The strategist said second-quarter corporate earnings in Asia could grow 60% to 70% from a year ago — broadly in line with estimates.Parts of Asia such as South Korea, Indonesia and Malaysia are battling a surge in Covid-19 infections at a time whenused to seeing fresh waves of Covid cases. He cited the example of India, where a

If I was ASIA, “NO ACCESS”!!!

looks like theyre low on capital... oh yeah, they cant cover.... pttp

Scammers

jimcramer must make this advice 😂

$BEST inc to the moon! $5+ billion usd in revenue in 2021; but share price in the $1.40s! What a joke BESTinc will moon bigtime!

Indian stocks are more lucrative than china and better results too, i think YenNee_Lee should have mentioned about Indian stock markets too rather than only focussing on chinese markets.

That must mean they need to get out!

Scam, buy Doge

wow

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