While the U.S. Federal Reserve has captured a lot of investors' attention over the past week, it is the trade negotiations between Washington and Beijing that will have a greater impact on stock markets in Asia, Credit Suisse said on Friday.
"I think the impact of the Fed on the markets currently in Asia is going to be significantly less than the talks that are happening now in Beijing," Neil Hosie, Credit Suisse's head of equities for Asia Pacific, told CNBC's Nancy Hungerford at the Credit Suisse Asian Investment Conference in Hong Kong.
Chinese stocks have been the best performer in Asia this year after a battered 2018. The Shanghai composite jumped 21.21 percent so far this year, while the Shenzhen component rose 30.51 percent. The improvement was partly due to investor optimism that tensions between the U.S. and China would not become worse, said Hosie.
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Source: CNBC - 🏆 12. / 72 Read more »