Asia only game in town in terms of equity mkts: CLSA

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Here is expert equity call for the day on how the markets are expected to trade:

Chris Wood, CLSA: The past week has seen continuing strength in the US, UK and German bond markets. This represents formidable deflationary market action. It also raises asset allocation dynamics, whether institutions like banks and insurance companies have their portfolios positioned in terms of "duration risk" for the massive decline in yields. Asia remains the main, if not the only game in town in terms of world equity markets.