First State Investments' emerging market and Asia Pacific specialist Angus Tulloch tells Kyle Caldwell about the macroeconomic headwinds preventing him from taking a bullish stance on the region.
Europe's economic and financial affairs commissioner Olli Rehn has warned Portugal may need a fresh bailout within a year.
Giant bond fund PIMCO warned Europe has not got its debt crisis under control and will soon face a "second Greece" in Portugal.