SINGAPORE, Dec 18 (Bloomberg): The tide is expected to turn for Asian equities after two dismal years, with China’s economic reopening and a potentially weaker dollar set to drive their outperformance in 2023.
Regional stocks could climb 9% through the end of next year, according to the average of 11 estimates in a Bloomberg-compiled survey of strategists. Most of the negatives that have weighed on Asia - from a supercharged dollar, China’s Covid lockdowns, and a chip downcycle - are fading, leading to better earnings prospects.
