Robin Parbrook is the Hong Kong-based head of equities for Schroder Investment Management and gives his views here on what sort of year Asian equity markets are likely to have.
Are you optimistic about Asian markets in 2004
Parbrook We're cautiously optimistic about Asia, and cautious on the global markets, particularly the United States. The question is whether the growth from China and the United States is going to have enough momentum to support Asia at its current valuations, which are not particularly cheap.
Certainly, the easy liquidity-driven stage of the Asian markets is over. Now it is much more about which companies are going to deliver on earnings....