The Asia-Pacific stock markets bounced back on Tuesday after a rough start to the week. 📈
According to Hong Hao, chief economist at GROW Investment Group, the rapid rise of the Japanese yen—a key currency in carry trades—has shaken up the markets. 😮💴
But here's the kicker: Hong isn't surprised that investors are moving their capital toward Chinese markets. 🇨🇳 He points out that in these volatile times, putting money into Asian companies with strong earning potential but low valuations is a smart, defensive play. 🛡️
\"Investing in Asia right now is like snagging a hidden gem before everyone else does,\" says Hong. \"It's a strategic move for those looking to weather the storm.\" 💎⛈️
So for young investors and market enthusiasts, Asia—and especially the Chinese mainland—might just be the place to watch! 👀🔥
Reference(s):
Capital reallocated toward Chinese market 'unsurprising': Economist
cgtn.com
