Asian equities seen gaining 3-4% following 'Phase One' deal
Nomura currently has a neutral outlook on Singapore equities but it could be upgraded if economy improves
Singapore
WITH the US-China "Phase One" deal agreed last Friday diminishing a key overhang for equities and building hope toward a "Phase Two" agreement, Nomura expects Asian stocks to gain 3-4 per cent to close the year out.
Chetan Seth, Nomura's Asia ex-Japan equity strategist, said: "With tariffs postponed and a mini deal in place, a positive narrative is forming that might point to markets feeling the worst is over. Therefore, we are likely to see greater interest in equities."
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