Far Eastern equities started off 2001 with a bang in January, only to give back their gains and more...
Far Eastern equities started off 2001 with a bang in January, only to give back their gains and more in February and March. Expressed in dollar terms, Morgan Stanley Capital International's All Country Far East Free Ex-Japan Index fell 4.0% in the first quarter of 2001. Nonetheless, we see good reasons to believe that there is considerable upside in the future. The bottom line is that the main positives in the environment are more than sufficient to offset the short to medium-term challenges that lie ahead. The liquidity environment is becoming more supportive both globally and loca...
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