By John Crawford, fund manager at Henderson Global Investors Global equity markets have rallied...
By John Crawford, fund manager at Henderson Global Investors Global equity markets have rallied strongly since early October on the back of better-than-expected corporate earnings, reduced fears of a military attack on Iraq, and improving economic data in the US. The Asia-Pacific region has been no exception, buoyed by investors' improved tolerance for higher-risk assets and attractively valued shares. Highly cyclical markets have performed especially well, with both Korea and Taiwan up by 14% and 16%, respectively. However, this has been partly offset by lacklustre gains in ...
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