What's Wrong With Asian Stocks? Theories From Goldman and Others
- Goldman cuts 12-month target for shares of Asia ex-Japan
- MSCI Asia Pacific Index has dropped more than 4% in two weeks
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It’s been a tumultuous two weeks for equity traders in Asia. And at some point, it just gets to be too much -- strategists from Goldman Sachs Group Inc. to Morgan Stanley have begun slashing their forecasts.
They’ve had to wrestle with a rapidly escalating trade war between the U.S. and China, a Fed rate hike, the inconclusive Singapore summit between Trump and Kim, and even a series of hacks at South Korean crypto exchanges buffeting digital currencies.