Asian stocks have completely turned themselves around the past decade, and they're going higher.
More Quotes from Shane Oliver:
It is a significant psychological milestone, the approach of which has triggered some profit-taking over the past six weeks.Shane Oliver
The situation is far healthier. The risk of another Asian crisis is very low.
Shane Oliver
Cheap products from China and a very competitive pricing environment is helping keep underlying inflation in check. Interest rates are on hold for the time being.
Shane Oliver
Exports probably would have improved a little bit but not much, so it's really just a continuation of the past - we're not looking for a dramatic change.
Shane Oliver
For the retail investor, a stock that costs 1 seems easier than a big-cap stock that costs 30, 40 or 80, so people are pushing into small caps.
Shane Oliver
Recent economic data has been on the soft side. There is nothing in the recent run of generally soft numbers that would support another rise in rates by the Reserve Bank.
Shane Oliver
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