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Analysts turn cautious on Asian markets; India remains an outlier

Indian markets, analysts believe, are an outlier and can still justify expensive valuations amid a likely recovery in corporate earnings going ahead

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Puneet Wadhwa New Delhi

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The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC’s hawkish commentary and BOJ’s relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.

Commentaries during the August 24-26 Jackson Hole meetings and the September FOMC meeting are the two most important events, analysts said, will be the trend-deciding factors for the markets in the very short-term.

That said, Indian markets, they believe, are an outlier and can still justify expensive valuations amid a likely recovery in corporate

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First Published: Aug 22 2023 | 2:10 PM IST

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