Market to remain volatile: Aberdeen Asset Management

In an interview with CNBC-TV18's Mitali Mukherjee, Aberdeen Asset Management Asia's strategist, Peter Elston pointed out the main reason that is keeping the global sentiments subdued.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: Have you heard of any renewed selling pressure across markets? What's keeping them so depressed across Asia and Europe?
A: The markets are still in a period of turbulence following the very sharp fall seen in the first few days of August, which was a rather large disruption to markets. It will take a while for the markets to recover from those. I suspect a volatile few weeks ahead of us. The investors are sort of getting used to the fact that the global economy is a lot weaker than previously suspected. Q: How deep is the downside risk for equities at this point? After a very rough week gone by, there was a sense that the price damage would perhaps be limited from here on.
A: It