South Korean stocks may extend their longest rally in five years as “modest” increases in interest rates will slow inflation without damaging economic growth, according to Prudential International Investments Advisers LLC.
John Praveen , the Newark, New Jersey-based chief investment strategist at Prudential International Investments Advisers LLC, which oversees $750 billion in assets, comments on his outlook for Indian stocks. Prudential is a money manager in India through its local unit, Pramerica Asset Managers Pvt. Praveen gave his comments in an e- mail interview.
U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the biggest advance in three months, amid improving global economic data and on investor speculation of a larger European financial rescue.
Indian stocks may gain 10 percent by the end of this year, extending the longest rally since 1979, as an unscheduled rate increase by the central bank won’t derail economic growth, Prudential Financial Inc. said.