After their buffeting last year by external headwinds, Asian economies have snapped back to life in ...
After their buffeting last year by external headwinds, Asian economies have snapped back to life in 2002. Stock markets across the region are up strongly, driven by an influx of liquidity, relative political stability and compelling valuations. A shift in global asset allocations by fund managers has further benefited the region, with Asia becoming a prime beneficiary of the inflows. Initially confined to liquid blue chips, the rally has since spread to better value second liners, favouring peripheral markets. The current recovery is predicated on an upturn in exports, but domestic deman...
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