Picking titan stocks in Asia's depressed markets
Two separate equity market outlook reports show Citi being underweight in emerging Asia, while Nomura pins its hopes on the regionÆs heroes and titans.
In a world where stockmarkets have given up all vestiges of predictability, markets across the world appear riskier than ever. The combined message in two recent equity outlooks for 2009, one from Citi and the other from Nomura, is to avoid Asia, or û if you do decide to invest in this region û to focus on the big players.
Citi, in its 2009 global equities outlook, holds that we are still in the early stages of a 50% decline...
To continue reading, please login or register for free