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JP Morgan says stocks in South Korea and India could 'surprise' investors in 2020

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As investors rotate out of bonds into equities, and out of growth stocks into value, J.P. Morgan says Korea is 'reasonably well-positioned.'

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020.

Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. But Sullivan told CNBC that the environment could "get significantly more difficult" in the back half of the year.

 

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