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Equity correction offers buying opportunity: Citi

June 29, 2010  

From Pamela Tang

Asian equity markets could continue to fall in coming months before rebounding after September, predicts the US bank. It continues to favour stocks in Taiwan and South Korea.

Asian equity markets could retreat in coming months, offering investors a good opportunity to add risk, says Citi.

Regional equity markets have traded in a narrow range this year. The MSCI Asia Pacific Index closed at 115.64 points on January...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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