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Warnings on Correction in Asia, Hong Kong Stocks Grow Louder

Bloomberg business news

Asia Stocks Follow U.S. Decline as Bond Slump Deepens

Updated on

It’s time to take some money off the table.

That’s according to strategists across Wall Street, who say a pullback in Asian equities is imminent. Morgan Stanley is eyeing a “meaningful” dip in the Hang Seng Index within weeks, while Goldman Sachs Group Inc. says the MSCI AC Asia Pacific excluding Japan Index could drop more than 10 percent. Both gauges are enjoying one of their longest bull runs on record, entering its 717th day.