Asia Stock Outperformance Is on Shaky Ground, Credit Suisse Says;

While Asia’s benchmark stock gauge beat the S&P 500 Index for the past two months, Credit Suisse Group AG doesn’t expect the outperformance to last. Two main reasons for that: Firstly, the uncertainty surrounding the U.S.-China trade talks. And then, because a recovery in Asia’s technology hardware, which has helped lead the equity rally in the past two months, is “nascent at best, and the potential for reversal there still cannot be ruled out,” according to John Woods, Credit Suisse’s chief investment officer for Asia Pacific. expect volatility

TECHNICAL CHART FOR PSEi

KEY POINTS

  • “W” Bullish formation looks good for a nice rally
  • 8400 is our next target
  • We are watching the following stocks
    • MER
    • JFC
    • TECH
    • SCC
    • SMPH
    • MAC
    • PX

Always remember to diversify your purchases with proper diversification.

Join us for the Next “Breaking the Millionaire Code” @ REGISTER HERE

Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks

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