Brokers' take

Asia Strategy DBS Group Research, Jan 4

We expect Asia equities to deliver gains yet again in 2018. A global recovery scenario should continue to drive earnings which had been the key driver in re-rating valuations in Asian markets in 2017.

Based on our year-end index forecasts, all Asian markets will have a target return on 5 to 15 per cent for 2018 in local currency terms, ex-dividend.

Our "overweight" or "underweight" recommendation for a market is thus a relative call, with fundamentals in most markets run…