Global stocks markets are struggling to form a solid base after the dramatic declines of the last six months and the prospect of another sharp leg lower is keeping many investors wary.
But stocks could stage a strong recovery in 2009, with the Asian market leading the way as it decouples from its western counterparts, one expert told CNBC.
Asian Stocks to Outperform in 2009
“I think markets will be moving higher throughout 2009, in particular the Asian markets where you’ve got less structural issues than you find in developed markets and you’ve now got some extraordinary tail winds,” Adrian Mowat, chief Asian and emerging markets equity strategist at JPMorgan, told CNBC.
Asian markets, with the exception of Japan, have decoupled from the US and Europe, Mowat added.
Time to Position for a Recovery
Joseph Poon, head of Macquarie Private Wealth Asia advises investors to start thinking about positioning for a recovery. He reveals which reflation trades he favors.
Recovery Seen in China's Retail Sector
Ports Designis planning to open more stores in China as it has noted a gradual recovery in the retail scene there, says its CEO Alfred Chan. He reveals what else the company has in store to CNBC.
More Pain to Come for Chinese Firms
Expect Chinese companies to turn in double-digit declines in their 2009 earnings, warns Jerry Lou, China strategist at Morgan Stanley. He explains his dire outlook to CNBC.
Buy on Weakness
Buy on weakness, as opposed to selling on strength, says Joe Youssef, head of private clients at Austock, speaking to CNBC.