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Credit Suisse sees 'improving' fundamentals for Asia stocks, with Hong Kong at its 'cheapest' levels in decades

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Credit Suisse is optimistic on Asia stocks, says Hong Kong is at its 'cheapest' levels in decades

Farris said there are three main factors behind this view, including Asia being "cheap" relative to many other developed markets.

An investor watches the electronic board at a stock exchange hall on February 25, 2019 in Nanjing, Jiangsu Province of China.As the world attempts to restart economies ravaged by lockdowns intended to curb the spread of the, Credit Suisse sees an opportunity in Asia, where the fundamentals for stocks are "improving."

Ray Farris, the firm's chief investment officer for South Asia, told CNBC's "Squawk Box Asia" on Wednesday morning that there were three main factors behind this view."A second key factor in Asia's favor is that global liquidity levels continue to rise and within Asia itself … liquidity levels are rising," he said. Thirdly, Farris added that Asia looks "cheap" at these levels as compared with many developed markets — particularly the U.S.

 

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Credit Suisse must have completed its position building started in May.

nothing is ever 'cheap'. nothing is ever 'expensive'.

Even Asians don’t invest in Asian markets....

I wonder why.... hmmm

Lol I remember when Credit Suisse used to be relevant

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