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Growth, consumption may prop up Asian equities
However, BlackRock is more cautious about the region's equity returns. It believes earnings remain under pressure, and global growth is still fairly subdued
Add BT as a preferred sourcePublished Tue, Dec 3, 2019 · 09:50 PM
Singapore
WITH Asia seeing a possible recovery on better global growth, regional equities may be propped up next year by technology and consumption demands that reflect the broader urbanisation trend, strategists said.
Credit Suisse believes the downward pressure on earnings in the region has hit an inflection point, with its analysts raising their earnings estimates in recent weeks.
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