by
Vanessa Desloires
China’s gyrating sharemarket is causing weakness in Asian markets, but HSBC says it is distracting from real opportunities in companies whose growth is resistant to the region’s macro events.
HSBC’s head of Asia Pacific equity strategy, Herald van der Linde, said there was plenty of opportunity in the “Asian paradox”: while markets are weak, there were growth stocks unfazed by the surrounding fireworks.
Aside from China’s sharemarkets, other events hindering short-term performance in Asian equities include the impending Federal Reserve rate hike, plunging commodity prices, a stronger US dollar and the slower pace of reform in some countries.
But there were growth opportunities for buyers who looked beyond the short term trouble, Mr van der Linde said.
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