Jul
05
Earnings Season Another Reason for Asia Traders to Sell
By-
Analysts cut Asian EPS estimates in contrast to Europe, U.S.
- Hong Kong, India, Singapore may have pockets of opportunity
Those hoping the upcoming earnings season will give some respite to tumultuous Asian stock markets might be in for disappointment.
Analysts and strategists have been trimming their expectations for companies in the MSCI Asia Pacific Index, in direct contrast to firms from Europe and the U.S., where estimates are still rising. And the early results from South Korea and Japan are pointing to a bleak picture…