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.
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