Compelling valuations and growth propects suggest long-term bulls

It has been a tumultuous 12 months for global stock markets in general and Asian markets in particul...

It has been a tumultuous 12 months for global stock markets in general and Asian markets in particular. But recently there have been signs conditions are beginning to improve. For example, after a difficult start to the year, both Taiwan and China each finished the first quarter with positive returns, up over 6% and 1% respectively. Pakistan, the best-performing market by a country mile, rose over 37% during the quarter. True, Thailand, Malaysia, India and South Korea lagged, but South Korea has been a clear leader since the early March lows and generated a 26.4% return in March alone, pa...