Any near-term correction in Asian markets is a good entry point
The stronger dollar bias derived from US fiscal policy stimulus is likely to fade as priorities for domestic affairs are unlikely to change soon
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ASIAN markets have posted a better-than-expected performance in 2017, with share price returns supported by stronger earnings growth in technology stocks while a recovery in commodity prices benefited cyclical and industrial companies.
Gains have also been attributed to softer-than-expected materialisation of US President Donald Trump's protectionist agenda - withdrawing from the North American Free Trade Agreement and labelling China a currency manipulator.
While these and several other disruptive policies have yet to materialise over his first six months, the substantial unknowns surrounding the Trump administration remain. A preference for unilateral agreements over multinational ones questions the White House's commitment to global cooperation, while Mr Trump's vacuous Twitter messages send out confusing signals.
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