Biggs Says Asia Stocks to Beat S&P 500 in Next Year

Asian stocks will likely beat the Standard & Poor’s 500 index over the next year and China will need to allow the yuan to appreciate as much as 8 percent to avoid further inflation, investor Barton Biggs said.

“I’m a big bull on China,” Biggs, who runs New York-based hedge fund Traxis Partners LP, said at the Bloomberg China Investment Strategies conference in New York today. “The S&P is going to beat Asia for the next three or four months, but over the next year Asia is going to be a tiger.”