Emerging market rerating continues in Asia
Credit Suisse says equity markets in South Korea and Taiwan are due for an upgrade.
It is our view that some countries considered
to be emerging markets present characteristics
more similar to developed markets, but are
still valued at steep discounts. A good example is South
Korea which trades at a discount of 25% to the Eurozone.
The Korean market has risen strongly. We see this as
the initial phase of a medium term re-rating, allowing the
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