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StanChart sees short term correction for global equities but overall a good year in 2013 with Asia out front

Posted on 30 January 2013 with 1 comment from readers

Stock markets that have rallied strongly into the New Year now face the strong possibility of a correction in February and March argues Standard Chartered’s head of investment strategy Robert Aspin who discusses the outlook for global stocks with Rishaad Salamat on Bloomberg Television’s ‘On The Move Asia.’

But he thinks equities will overall have a better year in 2013 than 2012 as investors reverse out of bonds and into equities. The top emerging market international bank reckons high GDP growth from China and India will continue to pull the global economy up but it dislikes Malaysia, Indonesia and Taiwan…

Posted on 30 January 2013 Categories: Banking & Finance, Bond Markets, Hedge Funds, Investment Gurus, US Stocks, Video Channel

1 Comment posted by readers:

Comment by Andy - 01 February 2013

Chinese New Years starts at the end of next week. Usually before Chinese New Years many like to book their profits from stocks and hold on to cash and right after Chinese New Years they start buying again. Many in China already started going on Holiday this week already. So as we can see many are already absent from the market already and we have seen some selling the last few days in Asian stocks as people cash in before Chinese New Years to fill those Red Envelopes for friends,employees and family members.

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