Credit Suisse said Asian stocks look set to outperform global markets next year as an "earnings super-cycle" is expected to kick off across the region.
Credit Suisse's favorite market is South Korea, where stocks are cheaper than their North Asian peers.SINGAPORE — Asian stocks look set to outperform global markets next year as an "earnings super-cycle" is expected to kick off across the region, Credit Suisse said. "Asia ex-Japan is our biggest overweight globally," Dan Fineman, co-head of Asia-Pacific equity strategy at Credit Suisse, said in a webinar Thursday that discussed the bank's 2021 outlook.
In addition, improving exports and appreciating currencies will also support Asian stocks, which are still under-owned by foreign investors, said Fineman.Among Asian markets, Credit Suisse likes South Korea the most, forecasting an EPS growth of 43% in 2021.
dont know about Ali Baba
this is terrible news
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Stock picks to buy, companies to beat low expectations: Credit SuisseCredit Suisse says buy these 13 'top of the crop' stocks that are set to demolish the market's low expectations of them Ok
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »