Stock strategists predict Asia market rally after challenging 2022

Active market: A pedestrian walks past a display showing the Shanghai stock index. China’s IPO market has defied headwinds such as rising interest rates and fears of a US recession. — Reuters

SINGAPORE: 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.