Nomura's Asia-Pacific equity strategist Chethan Seth says it expects the index at 700-levels by the end of this year – that's 8% higher than current levels.
I still expect the Asian stock markets will outperform their U.S. peers after a short-term correction on China's reopening in 2023.JPMorgan also anticipates the MSCI Asia-Pacific ex-Japan index will reach 700-levels this year. "The MXASJ may fall [or] consolidate in 3Q on macro resilience concerns before recovering in late 2023 for a synchronized global growth recovery in 2024," Liu said.Ucg | Universal Images Group | Getty ImagesA recession fears loom for the eurozone and the U.S. after global central banks aggressively hiked rates to tame inflation. Uncertainties surrounding China's shift away from its zero-Covid policy also continue to linger.
A “technical correction” in Chinese stocks? Lol. Incredible how these analysts ignore the elephant in the room: the geopolitical risk associated with Chinese stocks.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »