Lower valuations combined with expectations for strong second quarter earnings have helped re-focus investors minds on fundamentals rather than geopolitics, leading to a noticeable uplift in demand for initial public offerings and better secondary market performance across Asia.
The shift in sentiment, which occurred in mid-July, has provided a welcome boost for Asia’s beleaguered equity capital markets, which have suffered a difficult few months on the back of growing trade tensions between the US and its various friends and foes across the world.
Eastspring Investments typifies the mood swing after it changed stance mid-month. Colin Graham, CIO for multi asset solutions in Singapore,...
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