Asian markets facing 'a disconnect': BlackRock
Amid spectre of a trade war, markets are cautious with risk assets underperforming, but health of the corporate sector is good, it says
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Singapore
MARKET sentiment in Asia is cowering under the threat of a trade war between the US and China, but corporate fundamentals are proving more robust than they might seem, investment management corporation BlackRock said on Wednesday.
"There is a disconnect between what we're seeing at the corporate level and what the market sentiment is telling us," said head of Asian and global emerging markets equities Andrew Swan. He was speaking during the press conference for BlackRock's 2018 Mid-year Asia Investment Outlook.
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