Philippine stock trading volumes are sinking to the lowest level in two months and volatility is picking up as the benchmark index’s jump above 7,000 for the first time spurs concern that shares have become too expensive.
A volatile rupee and downgrades in earnings estimates are the biggest risks to Indian equities amid a slowdown in the nation’s economic growth, according to CLSA Asia-Pacific Markets equity strategist Christopher Wood.
Investors should avoid buying China’s stocks until the third quarter when the government starts unwinding measures to curb asset bubbles, said Christopher Wood , chief equity strategist at CLSA Asia Pacific Markets.
The world’s biggest equity bull market is propelling Philippine valuations to all-time highs as international investors pile into the country’s stocks in an endorsement of President Benigno Aquino’s economic policies.
CLSA Asia-Pacific Markets raised its weighting for Chinese shares traded in Hong Kong and cut Taiwan stocks after China relaxed the yuan’s peg to the dollar, strategist Christopher Wood said in his Greed & Fear report.