ING Financial Markets forecasts that Asian stocks will rise between 20% to 30% once a clear resolution has emerged over the crisis in Iraq.
In a new report entitled The Post Iraq Trade, ING recommends investors to buy large companies across Asia, particularly brokers, airlines and technology stocks. Among specific markets, Korea and Taiwan are expected to be the biggest outperformers, while Hong Kong and Thailand will perform in line with their benchmarks, with China, Indonesia, Malaysia and Singapore underperforming.
Markets hate uncertainty. Once we have clarity over how the major powers plan to deal with the Iraq crisis, that uncertainty will be lifted and markets will rally, says Markus Rosgen,...
