Goldman Sees 14% Returns for Asia Ex-Japan Stocks Next Year
- MSCI Asia Pacific ex-Japan Index target increased by 9.7%
- Tighter monetary policy could be headwind in second half
UBS' Haefele on Stocks in 2018, Asian Markets, Brexit
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Strong corporate earnings and favorable stock valuations will help one of the world’s top-performing regions extend its runaway success in 2018, according to Goldman Sachs Group Inc.
The U.S. bank says stocks in Asia excluding Japan will outperform next year after staging a 33 percent rally in 2017 -- twice the gain achieved by the S&P 500 Index. Goldman raised its 12-month target for the MSCI Asia Pacific ex-Japan Index by 9.7 percent to 620 in a report released Wednesday, and favors China, India and South Korea stocks.