Asian Stocks Plunge on U.S. Manufacturing, Extending Rout – Bloomberg 02-03-13

Salient to Investors:

Angus Gluskie at White Funds Mgmt said people are alert to some of the risks in China and some emerging economies, but very few people are concluding that it is going to run away too far.

51 percent of the 195 MSCI Asia Pacific Index companies reporting since the beginning of January and for which estimates are available beat analyst estimates. The Index is at  12.6 times estimated earnings versus 14.8 for the S&P 500 and 13.5 for the Stoxx Europe 600.

Matthew Sherwood at Perpetual said there are fresh concerns about the strength of the global economy, and the risk-off sentiment is now well entrenched across the globe. Sherwood said US manufacturing data disappointed even the most pessimistic economist and suggests we are not at the end of this recent bout of market volatility. 

Read the full article at http://www.bloomberg.com/news/2014-02-04/asian-stocks-fall-as-u-s-manufacturing-growth-slows.html

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