Topping in Asian markets?
Awhile ago, Chris Rowe of Tycoon's TTR mentioned that there's evidence that American markets are showing signs of topping. Has anyone noticed if topping patterns are evident in Asian markets, especially China? Thanks.
Best Answer
788 points
DaveDiggz answered one year ago …
People have been talking about China overheating for a long time. And it's true, China has and will continue to go through boom-and-bust periods. But ultimately the country, its economy and its markets will do fine over the long term. They have such pent up demand and such a strong amount of foreign interest and capital flows that the country can't help but continue to grow.
It all comes down to taking a long term perspective on the country. Check out the FTSE Xinhua 25 ETF (FXI) for some easy exposure to the sector.
Answers
3943 points
MNSL answered one year ago …
I am not expert in technical analysis. But according to market analysts Chinese market is over priced now. P/E ration is very high. They suggest invest in companies who have business in China but trading in other stock markets. Those stocks are not so expensive. Some fund mangers recently shifted their interest on frontier markets.
According to MSCI Frontier Markets index they have selected Sri-Lanka and Vietnam in Asia. In addition some Middle East countries, Kenya, Mauritius, Nigeria, and Tunisia in Africa, Bulgaria, Croatia, Kazakhstan, Ukraine, and Slovenia etc have included in this index.
Pl see link:
Maldiveslive.blogspot.com/2008/01investors-seek-adventure-across-asi... ... as.html
Recent months have seen a burst of interest in Asian "frontier markets" – countries where stock markets are so small they fail to qualify as emerging markets, and that are difficult for foreign investors to buy into, but have potential to grow rapidly.
Countries such as Kazakhstan, Sri Lanka, Vietnam and Mongolia, and even Indian Ocean island states such as the Maldives and Mauritius, are on Asian investors' radar. (Mauritius may be physically closer to Africa but its population is largely Indian, and the economy is increasingly integrated with Asia.)
