Credit Suisse Says Asia Stocks to Outperform in Second Half
- Asian assets to get boost from weak U.S. dollar, better growth
- Region to see more domestic liquidity from dollar weakness
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Asia excluding Japan stocks are set to outperform other emerging markets in the second half of 2020, supported by a weakening U.S. dollar, improving economic data and monetary policy support, according to Credit Suisse Group AG.
“If there is any region that stands to benefit from the beginning of the resumption of normal activities in the world economy, Asia stands out because of its export dependence,” Ray Farris, the bank’s chief investment officer for South Asia, said in a phone interview. Asian economies are also able to ease monetary conditions and increase domestic liquidity better than some other regions where the currencies are “under a lot more pressure,” he added.