JPMorgan Likes North Asia Stocks on U.S. Growth, Tam Says

North Asia stocks to benefit from improving U.S. economy as they’re generally more export oriented, Grace Tam, a Hong Kong-based global market strategist at JPMorgan Asset, said in a briefing today.

* Pick-up in global recovery to boost markets in S. Korea and Taiwan, Tam says * Emerging market and Asia dividend stocks, which have non-defensive characteristics, may outperform in rising interest-rate environment because higher rates reflect better economy, Tam says * Developed markets have better economic, earnings growth momentum vs. emerging markets in short term, Tam says * Japan economic data shows Abenomics is working; 2020 Olympics may give excuse for Abe to push ahead with structural reforms: Tam * Europe’s economic momentum could continue on more gov’t spending for growth, Tam says * U.S. data shows economic recovery still intact; stocks aren’t expensive in historical terms: Tam

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