{
    "success": true,
    "data": {
        "id": 1182031,
        "msgid": "asian-bourses-may-woo-back-foreign-funds-1447893297",
        "date": "1995-11-24 00:00:00",
        "title": "Asian bourses may woo back foreign funds",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Asian bourses may woo back foreign funds LONDON (Reuter): The last traces of euphoria on Asian bourses have faded but rock bottom prices and an expected fall in U.S. interest rates next year could redirect investments to the region from Western markets, analysts said.",
        "content": "<p>Asian bourses may woo back foreign funds<\/p>\n<p>LONDON (Reuter): The last traces of euphoria on Asian bourses<br>\nhave faded but rock bottom prices and an expected fall in U.S.<br>\ninterest rates next year could redirect investments to the region<br>\nfrom Western markets, analysts said.<\/p>\n<p>\"You don't get a blast like 1993 very frequently but I would<br>\nbe very surprised if American investors don't swing out of their<br>\nmain markets to Asian markets next year,\" said Peter Innes-Ker,<br>\ndirector of corporate finance at HG Asia in London.<\/p>\n<p>Asian bourses raced ahead in 1993 on a surge in foreign<br>\ninvestments but rising U.S. interest rates and the currency<br>\ncrisis in Mexico that started last December drove the region's<br>\nmarkets sharply lower through most of 1994 and 1995.<\/p>\n<p>Morgan Stanley Capital International's benchmark Asia-ex Japan<br>\nindex fell to 327.04 points from 1994's close of 342.54 while its<br>\nWorld index rose to 168.28 from last year's close of 149.19<br>\npoints.<\/p>\n<p>Analysts say a fall in U.S. interest rates could reverse the<br>\ndowntrend.<\/p>\n<p>\"Once short term interest rates come off by 75 to 100 basis<br>\npoints, (0.75 to 1.0 percentage point) probably by next March or<br>\nApril, Asian stock markets should start picking up,\" said<br>\nPrasenjit Basu, associate director for regional strategy at UBS<br>\nSecurities in Singapore.<\/p>\n<p>The U.S. discount rate is currently 5.25 percent, while the<br>\nFed Funds rate, the interbank rate, is 5.75 percent.<\/p>\n<p>They forecast that at their current cheap valuations, Asian<br>\nshares could once again be the darling of the New Year's markets.<\/p>\n<p>\"Overall, 1996 will be the best year for Asia ex-Japan since<br>\n1993, with Hong Kong remaining by far the best candidate for<br>\noutperformance,\" Alan Butler-Henderson, Asian strategist at ING<br>\nBarings in Hong Kong said in a report.<\/p>\n<p>\"Asia has gone through a rough 18 months and the worst is<br>\nover,\" another Hong Kong-based fund manager said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asian-bourses-may-woo-back-foreign-funds-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}