Medium-term prospects for Asia region are extremely positive

ON ASIA

Witan's James Frost says Asian markets should continue to prosper, despite weakening sentiment

Asian equity markets rose in October and into November buoyed by the Federal Reserve announcing that it would support the US economy via an additional $600bn in Treasury purchases. These gains have subsequently been undermined by fears about some European countries’ finances, with concerns the bailouts of Greece and Ireland will spread to affect larger economies. Looking at Asia, many observers were surprised by the timing of China’s interest rate hike on the 20 October, although there had been signs for some time of official disquiet about inflationary pressures. This was the first inte...