Fed Pessimism Fuels Asia Losses; Nikkei Up
Jean Chua
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With global growth expected to remain modest in 2013, investors should look at so-called "value" stocks in Asia, which have a potential upside of as much as 20 percent, says HSBC.
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While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war against deflation, one thing is clear. The central bank will be pushed to be far more aggressive than it has ever been.
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Australia's economy may be one of the most resilient in the developed world, having expanded over 3 percent in the third quarter even as the mining boom loses steam, but analysts say the government's vow to return the budget to surplus may knock the wind out of its economy.
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Europe has made progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the EU's top economics official Olli Rehn.
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Canada says it will allow no further deals by Chinese state-owned enterprises after approving a $15.1 billion acquisition of Canadian energy firm Nexen by China's CNOOC. Experts say watch this space.
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Chinese state-owned insurer the PICC Group surged 7 percent on debut on Friday, the biggest initial public offering (IPO) in Hong Kong for two years, and analysts said the stock has further to climb.
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China's new leaders do not officially assume their new posts until next March, but they're already on Forbes' Most Powerful People list. This may signal the growing clout of Asia's political figures in global affairs.
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As the prospect of the U.S. economy falling off a "fiscal cliff" looms large, keeping stock markets on edge, one technical analyst says falling off the "cliff" is likely to end up being a non-event for equities.
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Chinese stocks, which have had a forgettable year so far, climbed 3 percent on Wednesday, after the country's new leadership promised further reforms. But is the rally that has fizzled out many times in the past here to stay?
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Greece's economy is in recession but there are reasons to be upbeat and the debt-laden nation will be able to rebound strongly as it works its way through reforms, European Central Bank governing council member Christian Noyer told CNBC.