Asia Stocks to Gain 20%-30% in 2011, Deutsche Says
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Asian stocks will next year offer “substantial” returns given the outlook for a recovery in the global economy and earnings growth, and as the U.S. takes steps to stimulate growth, according to Deutsche Bank AG.
The shares may rise 20 percent to 30 percent next year, Deutsche Bank strategists led by Ajay Kapur said in a report dated yesterday. They upgraded China to “market weight” from “underweight” and raised Thailand to “overweight” from “market weight.” The analysts cut Malaysia to “market weight” from “overweight.”