27 June 2016 at 1:16 GMT
Asia’s equity markets were the first to suffer through a Brexit-fuelled rout but they may be the first to recover. As Britain’s shock decision to leave the European Union saw asset managers desert stocks across the world, RS Investment Management says declines have left equities in Greater China looking more attractive. Shares in Shanghai are insulated from global sentiment because local investors dominate trading, while the turmoil may delay an increase in US interest rates, making higher-yielding Asian securities more appealing. The region has value on its side. The MSCI Asia Pacific Index trades near the cheapest levels versus global peers in at least 15 years as concern about China’s economic slowdown and the US rate outlook made the gauge a serial underperformer.
Read full article at Bloomberg