After a three-month rally for emerging market stocks, the question remains whether it is a sustainable rally or a false start, according to Arthur Budaghyan (pictured), emerging markets strategist, BCA Research, speaking at the SRP Asia 2019 conference, held in Singapore on April 10.
“Markets are no longer oversold, valuations are not as cheap as they were late last year and the question boils down to growth,” he said. “Is the global growth, Asian growth, and specifically the Chinese growth going to pick up, or will the growth be disappointing?” Budaghyan warned that although this latest rally has made equity markets quite optimistic, there is going to be a setback. “There will probably a be much better and more sustainable rally in the second
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