Asian and emerging markets are entering the late stages of a bear market, said analysts at Morgan Stanley in their mid-year equity market outlook note on Wednesday. The near-term risks, the research and broking house said, are known, but potent.
Typically, a market is said to be in a bear phase when the frontline stock indices drop 20 per cent or more from their recent high.
WATCH VIDEO: Are the markets heading into a bear phase? Julius Baer view
WATCH VIDEO: Are the markets heading into a bear phase? Julius Baer view
“Asia and EM equities are entering the late stages of a bear market that has traversed valuation, regulation,