The earnings reports coming form Japan are very good,says Jesper Koll of JP Morgan Chase.Corporate Japan is recovering very nicely.For April-June,it is very likely there was a sharp increase in aggregate earnings,a very steep recovery in overall sales.You could see 10-15% up in aggregate terms,Mr.Koll believes.
In Thailand,we're definitely seeing a return of foreign buying after the election,Andrew Yates of Asia Plus,the RBS partner in Thailand,indicated.It seems to be business as usual.The foreign flows are very strong.
We continue to like the banks.People are also looking at property and consumer plays.The SET property index is up 12% since the election.The single biggest concern is inflation.The Bank of Thailand has been pushing up rates,but the current 4% of inflation isn't too bad,in Mr.Yates'opinion.
Golfer Yani Tseng of Taiwan won the RICOH Women's British Open in Carnustie,Scotland on Sunday.
Most Asian shares were higher Monday morning in relief at the U.S. debt ceiling agreement.In Taipei,it was 90F under scattered clouds.Winds were N at 5 mph,and the humidity was 59%.
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