Retain cautious view on Asia, equities still look attractively valued: Nomura

Mixo Das of Nomura says Asian equities have posted solid gains this year, against Nomura expectations of a more substantial correction since early February.

He further says investor feedback indicated there is no better time to be bullish than during a simultaneous growth acceleration in all major economies.

A high likelihood of US dollar weakness and generally benign political outcomes seen as positives, he adds.

Das says consensus is compared to other asset classes, equities still look attractively valued. However, Nomura continues to see risk-reward unfavourable on balance, and maintain cautious view on Asian equities, he adds.