Asian stocks to rise 20%-30% once Iraqi crisis is over: ING

SINGAPORE: Asian stocks are expected to rise by 20-30% once a clear resolution has emerged over the crisis in Iraq, and Korean and Taiwanese companies are expected to outperform, ING Financial Markets said. 

“Markets hate uncertainty. Once we have clarity over how the major powers plan to deal with the Iraq crisis, that uncertainty will be lifted and markets will rally,” said ING chief strategist Markus Rosgen.