Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and Indias domestic-driven equities. The outlook is even dimmer for currencies and bonds.
(Bloomberg) A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia. Most Read from BloombergBHP’s $39 Billion Copper Play Was Years in the MakingAI Boom’s Secret Winners? The Companies Expected to Power ItApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingThe Long, Slow Death of Urban NightlifeCorporate reforms in Japan
Fed repricing gives rise to new equities playbook in Asia businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
(Bloomberg) A macro fund of M&G Investment Management Ltd. loaded up on Chinese stocks last month, taking advantage of the heavy selloff, which further cheapened valuations.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsNvidia’s $70 Million Florida Supercomputer Ho