Distracted markets to track sideways

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It's old hat already to say Asia is recovering. But just how fast are economies pulling through? A m...

It's old hat already to say Asia is recovering. But just how fast are economies pulling through? A mixed picture is now emerging Former tigers like Korea, Taiwan and Singapore are benefiting from a strong cyclical rebound led by manufacturing exports. Investment and productivity is up, business confidence has recovering and a strong yen is underscoring demand However, in the past two months, markets have generally retrenched as external threats ­ the fear of rising US interest rates, yen strength and tech-led Wall Street jitters ­ point up weaknesses at home. Some of this is sentiment led...

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