Economic fundamentals in Asia remain unchanged: Daiwa

Published on Fri, Aug 03, 2007 at 09:00 |  Source : Moneycontrol.com

Updated at Fri, Aug 03, 2007 at 12:58  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Hirokazu Yuihama, Asian Regional Strategist , Daiwa Institute of Research

Excerpts from Power Breakfast on CNBC-TV18 Watch the full show ยป

RELATED NEWS

ALSO READ

Asian indices climbed early today, reacting to a US rally. Hong Kong's Hang Seng surged 0.54%, or 121.63 points, at 22,564.88 while the Taiwan Weighted gained 1.2%, or 107.66 points, at 9,058.23.

Japan's Nikkei was up 0.14%, or 24.56 points, at 17,008.67 while South Korea's Seoul Composite rose 0.75%, or 13.82 points, at 1,866.89. However, Singapore's Straits Times was down 0.14%, or 4.87 points, at 3,430.59.

Hirokazu Yuihama , Asian Regional Strategist at Daiwa Institute of Research , felt that one reason for the Asian markets looking better was the Wall Street rebound. He added, "Investors are now taking the bottomfishing investment strategy."

When asked about his take on experts' views that there is more volatility still to come, he said there is some concern in the US market especially with the subprime market problem and that nobody knew how much the problem would spread globally.

He is still bullish on the markets. "The general trend will be uptrend because the economic fundamentals in Asia remain unchanged and are in fact better. Liquidity is still there. So, I am expecting a bullish movement in the mid- to long-term," he added.

  

More on Moneycontrol

Trending News

Business News

6 ways to backup mobile data
Forget the IIP: there's free cash oozing out of every pore "Forget the IIP: there's free cash oozing out of every pore "

DLF Says Macro Environment Unfavourable W/High Comm & Labour Inflation

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com