MAN Group Plc expects Asian stocks to outshine other regions next year as softer inflation and the end of an earnings downgrade cycle set the ground for an early rebound. Within the region, the hedge fund giant is betting on defensive stocks in India and South-East Asia while cautioning that equities across northern Asia remain more vulnerable to trade headwinds and the economic slowdown in China. Forward earnings-per-share estimates for the MSCI’s Asia benchmark have slumped about 9% from a March high, while those for the S&P 500 have gained during the period. Heading to 2023, Man Group continues to hold confidence in South and South-East Asia over their northern neighbours. “‘Whereas South-East Asia, including India, is more driven by domestic demand.

Source: The Star September 03, 2022 13:31 UTC