In an interview to CNBC-TV18, James Chirnside, managing director-research & investments of Asia Pacific Asset Management said, irrational fear is gripping the markets at the moment. He is advocating to buy stocks in this decline. “Fundamentally, stocks are incredibly cheap. You got to buy big balance sheets, blue-chips,” he added.
James Chirnside, managing director of Research & Investments at Asia Pacific Asset Management, in an interview with CNBC-TV18's Reema Tendulkar, gives his view on the global markets.
James Chirnside, the CIO of Asia Pacific Asset Management talks to CNBC-TV18 about how the global market picture is shaping up.
According to James Chirnside, Managing Director-Research & Investments at Asia Pacific Asset Management the major problem in the US is the housing market, where the confidence is low. He further adds that low levels of GDP growth may see a stimulus package to the economy.