Asian stock market set to bounce back after shaky start, analysts say

📆 09/09/2024 17:50:00
📰 IndependentSG

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This, in turn, can boost corporate earnings and lead to higher stock prices in Singapore

SINGAPORE: In the wake of a turbulent first week of September, observers remain optimistic about the resilience of the Asian stock market.

He also highlighted the strong performance of tech companies and the expected gradual approach of the Bank of Japan to tightening monetary policy., Cheo said, “Once the volatility settles, we anticipate a recovery in global and Asian equities, driven by earnings growth, rate cuts, and the deployment of high cash balances.

Menon pointed out that the Asian markets are expected to post smaller losses on Thursday and Friday, indicating a potential stabilization.

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