Asia stocks may not rise much further as fundamentals remain weak, Credit Suisse says

Major indexes in Japan, South Korea, Australia and Hong Kong are all down year-to-date, though they are off the lows seen in March.

While Asian equities over the last 15 years have moved largely in tandem with their earnings estimates, the "present situation is an anomaly," where the earnings outlook has weakened sharply but the market is staying strong, according to BNP Paribas' head of equity research for Asia-Pacific, Manishi Raychaudhuri.

Most of those countries also have limited fiscal space to adequately offset the fallout from the extreme lockdown, Tantia said.

LOL. Weak？Does he even read financial reports？

This just doesn’t look right.

Oh you guys had to be crying with that 900+ rally today. But you keep dooming and glooming hacks. LiberalismIsAMentalDisorder

Why not? When the FED print money for America corporates...these companies can use these monies to buy up the rest of the world...MAGA again...😷

This is why I love to invest into America! We have very strong fundamentals and can sustain through the coronavirus! Asia is well on it’s way though!

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