Investment - Articles - Latest on the Asian markets


 John Ford, Asia Pacific Chief Investment Officer at Fidelity International, shares his latest views on Asian markets and current stock valuations: 

 "The further large falls we saw in Asian markets this morning reflect a combination of investor panic following the heavy falls overnight in Europe and Wall Street, together with significant volumes of forced selling from margin calls and fund redemptions. Sentiment since has turned slightly more positive, with indices recovering from their intra-day lows and clear evidence that investors are now bargain hunting. Asian stock valuations - already at multi-year lows - have become cheaper still, and at these levels there are many stocks which look attractive on any valuation measure, even allowing for the prospect of slower than previously hoped for economic growth in Asia as developed economies are forced to tighten their fiscal belts.

 "Adding to investors' concerns was a slightly higher than expected Chinese CPI number for July of 6.5% y-o-y. However, with falling food and other commodity prices and slowing global economic growth expected to have a positive impact on inflationary pressures, I expect Chinese inflation to establish a clear downward trend over the coming months which, in turn, will enable the authorities to start relaxing their current tight policy stance. It is worth noting that, in general, China's CPI lags monetary policy measures by 6-9 months as it takes this amount of time for such measures to flow through to the real economy."

Back to Index


Similar News to this Story

Targeted Support major step towards addressing support gap
Targeted Support is poised to play a pivotal role for potentially millions of non-advised individuals. Non-advised could be supported with at retireme
FCA proposals for millions to navigate their financial lives
Millions more people could get help navigating their financial lives with support on pensions and investments, under proposals announced today by the
Comments on FCA proposals on navigating financial lives
Aviva, Just Group, Standard Life, Scottish Widows and the ABI comment on FCA proposals on navigating financial lives

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.