Investors upbeat on Japan, H-shares in Asia
Most asset managers optimistic on equities, despite short-term Grexit concerns
Singapore
JAPAN and Hong Kong-listed China stocks are favoured in the second half of the year, though some analysts have turned cautious on stocks as an asset class in the short term, citing the impending US interest rate hike and Greece-related uncertainties.
Many large investors in the world nevertheless remain optimistic on the outlook for the global economy. An increasingly likely exit by Greece from the eurozone may bring contagion risks, but Europe is recovering economically and the European Central Bank (ECB) has the power to support the euro, they say.
London-based Kevin Gardiner, global investment strategist at Rothschild Wealth Management, told The Business Times over the phone on Monday: "The mood is, we're puzzled . . . We're not pretending to be ab…
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