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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance