The conditions in Asia are 'possibly the best you could have' post a credit crunch, said Sean Darby, global equities strategist at Jefferies.
The conditions in Asia are "possibly the best you could have" post a credit crunch, said Sean Darby, global equities strategist at Jefferies.
"The conditions for Asia at the moment are possibly the best you could have post a credit crunch," said Sean Darby, global equities strategist at Jefferies. Markets and economies around the world were hammered when Covid-19 broke out early this year. "We're in a real sweet spot notwithstanding the U.S. politics with China," he said. "Generally, I suspect we're going to be in for a period where profits and stock prices actually do very well in the next six to 12 months."North Asia has a "fundamental advantage" because it is very linked to the global trade cycle, he said. "China's recovery was so strong and so quick that it has lifted all boats in North Asia, but I would say ...
"I certainly think in the U.S., that we've reached a spot of euphoria in the tech space," he said. "And I think there, the dangers in the tech stocks are much greater than in Asia.""The tech stocks there tend to be more highly correlated to each other," Darby said. He added that the cost of hedging has risen considerably.
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