SINGAPORE - Escalating friction between the US and Iran will likely have limited impact on Asian stock markets, according to UBS Global Wealth Management and JPMorgan Asset Management.
The geopolitical crisis added a new angle for money managers and advisers looking for direction on 2020 after a global rally that pushed the Asian equity benchmark up 16 per cent last year. Here's what market participants are saying about the impact of the Middle East situation on their strategies. OIL AND EARNINGS The market impact will largely be determined by the effect on oil prices, and to what degree this is already priced in, said Kerry Craig, a global market strategist at JPMorgan Asset Management. While most Asian economies are net oil importers, rising global trade volumes and a reviving manufacturing cycle are"supportive of earnings in Asian markets", where estimates are on the rise.
"We suspect the market will soon get bored" of the US-Iran conflict and"move on", Anvarzadeh said. A belligerent North Korea poses a bigger potential geopolitical shock to Japan's market, he added.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
منبع: BusinessTimes - 🏆 15. / 51 ادامه مطلب »