Goldman Sachs, as per Bloomberg, suggested that earnings to be the main driver of returns for Asia markets with valuations generally at fair levels relative to the macro-economic backdrop. The investment bank cut Hong Kong-listed Chinese companies to market-weight and Hong Kong firms to underweight, as per the report.
China will report more data this week, while an update on consumer prices is due Wednesday in the US Economists expect it to show prices at the consumer level were 3.6 per cent higher in August than a year earlier.