Strategists at Goldman Sachs Group Inc said they expect Asia’s equity leadership to shift from Southeast Asia and India to markets such as China and South Korea next year. Photo: Isaac Lawrence, AFP“Of concern to us is that Southeast Asia is beginning to underperform in the last few weeks, as investors rotate back into North Asia,” CLSA chief equity strategist Alexander Redman said. The brokerage is overweight on Taiwan, Hong Kong, China and South Korea, neutral on Indonesia and underweight on India. That is not to say the road uphill for North Asia will be smooth. Equity benchmarks in China, South Korea and Taiwan are down more than 15 percent year-on-year, while those in Indonesia and India are up about 7 percent each.
