THE recent sharp rebound in asset prices in Asia is not due to loose monetary conditions or a deluge of foreign capital, a senior economist at Credit Suisse says in a report.
Rather, improving sentiment among investors is likely the main driving force behind the recent run-up in equity and property prices, according to Credit Suisse economist Cem Karacadag.
In a separate report, Citigroup’s Singapore equity strategist Chua Hak Bin says he now believes the Straits Times Index could reach 3,000 points by the end of March next year, buoyed by better economic data in the next few months.
‘This economic recovery will continue to look V-shaped in coming months, as third-quarter gross domestic product and job growth continue to show a definite improvement,’ he says. Continue reading
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