Investors should sell Dubai stocks after a 25 percent slump left them still looking pricey compared with their developing-nation peers, according to ABN Amro Private Bank.
Asian stocks rose, with the Hang Seng Index erasing its loss for the year, after China inflation quickened to the fastest pace in four months. Casino shares dropped in Hong Kong.
Daphne Roth , head of Asian equity research at ABN Amro Private Banking, which oversees more than $14 billion in the region, comments on oil prices and the turmoil in Libya.
Asian stocks rose, sending the regional benchmark index to the highest level in four months, as equities in Hong Kong jumped amid speculation China will do more to support the property market.
Asian stocks gained this week, with the regional benchmark posting its biggest advance in six weeks, amid optimism China will add to stimulus measures and as investors weighed earnings.
China’s shares are still undervalued after this year’s rally and may extend gains as easing inflation allows the government to adopt more fiscal policies to boost economic growth, said ABN Amro Bank NV’s private bank unit.
"While Fed tapering will continue, we believe the earliest interest-rate increase will only happen middle of next year."
- Daphne Roth on Jul 28, 2014