Halister News

(Bloomberg) -- BlackRock likes high quality govt. bonds in China onshore bond market, asset manager’s Head of Asian Credit Neeraj Seth says in briefing Wednesday.

• BlackRock neutral on emerging market debt as high valuations make further capital gains less likely
• Within Asia fixed income, BlackRock likes India 
• Seth says long on Indian rupee, Indonesia rupiah and Chinese yuan because of carry currencies provide
• Seth says neutral on Asian high-yield market on tight valuations
• BlackRock sees U.S. dollar strengthening moderately in medium term
• Korean stocks remain attractive on cheap valuations, Belinda Boa, head of active investments for Asia Pacific and CIO of emerging markets says
• Boa says asset manager also likes Brazilian stocks due to valuations
• Blackrock likes beaten-down financial and industrial stocks in China, China investment strategist Wenjie Lu says
• China equities have upside potential; Chinese capital flows remain in favor of large caps over midcaps, Lu says
• BlackRock likes emerging markets, Japanese and European stocks
• NOTE: As at March 31, BlackRock’s assets under management was $5.4t

--With assistance from Lianting Tu. To contact the reporters on this story: Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net; Lilian Karunungan in Singapore at lkarunungan@bloomberg.net; Denise Wee in Hong Kong at dwee10@bloomberg.net To contact the editors responsible for this story: Sebastian Tong at stong41@bloomberg.net Dominic Lau