As markets continue to watch the progress of “fiscal cliff” talks, one fund manager says the worst case scenario may not be so bad.
China’s Shanghai Composite Index has shed more than 60 percent since its 2007 peak, and analysts expect little help from Beijing.
The ongoing tussle between Muddy Waters and Singapore commodities firm Olam International further heated up after the short-seller published a much-awaited 133-page report on Tuesday detailing “shocking” accounting gaffes at the trading firm, prompting Olam to respond with a 45-page rebuttal on Wednesday.
A cloud of uncertainty has been lifted as Greece’s lenders agree on new debt targets, paving the way for the country to receive another tranche of aid, but one expert says Greece needs growth.
Japanese consumer electronics firms Sony and Panasonic face another two to three years of “poor profitability” if they do not regain their technological edge, Matt Jamieson, head of APAC Research with Fitch’s corporate ratings group, told CNBC on Friday.
Enough of the pessimism over the euro zone, says one analyst, who points out that the disaster scenarios anticipated by financial markets for the region have not played out, leaving the euro poised for a strong rally that could take it to $1.50 next year – a 17 percent gain from where it is now.
Weak economic growth, oversupply and measures to keep a lid on house prices suggest that Asia’s priciest property markets, Singapore and Hong Kong, now face a ‘day of reckoning’ after several years of robust gains, Nomura analysts warn.