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Asian stock markets seen almost 30% undervalued
December 03, 2009
From Aaron Pan
Credit Suisse has raised its 12-month target for the MSCI Asia ex-Japan index by a full 100 points to factor in expected earnings growth next year. In particular it favours stock markets in South Korea and Indonesia.
Credit Suisse has raised its 12-month target for the MSCI Asia ex-Japan index by a full 100 points on the understanding that regional equity markets are still undervalued.
The Swiss bank upgraded its target for the index to 600 points,...
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