Regional stocks could climb 9% through the end of next year, according to the average of 11 estimates in a Bloomberg-compiled survey of strategists. Most of the negatives that have weighed on Asia — from a supercharged dollar, China’s Covid lockdowns, and a chip downcycle — are fading, leading to better earnings prospects.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action.
A poll of Asia fund managers by Bank of America this month also showed about 90% of the respondents anticipating an advance in Asia ex-Japan stocks.China’s rapid disbanding of its Covid restrictions is expected to fuel the flailing economy — and its regional trading partners — with near 5% growth seen in 2023. Another driver will be a weaker greenback, with Bloomberg’s dollar index steadily coming down from its record in September.
South Korea — and to a lesser extent Taiwan — are emerging as favorites as they are seen to benefit from an improvement in tech hardware’s inventory cycle. Allianz SE, Morgan Stanley and Goldman Sachs Group Inc. are also among brokers recommending the markets.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »