John Woods, Citi
Recent price action has been brutal. Exactly what have Asia’s equity markets priced in
It’s been a difficult few weeks, and Asia’s equity markets have finally started singing from the same growth negative’ hymn sheet, long voiced by the region’s more cautious local currency bond markets.
Thus, in a relatively short space of time, Asian equity markets have migrated aggressively from pricing in a soft patch in developed markets, to a slowdown,...