What To Buy in Asia;Ford's China Position

Several financial markets were closed for the Easter Monday holiday,including Australia,New Zealand and Hong Kong.The MSCI Asia Pacific index declined 0.10% in early trading,while US stock futures rose.*
Japan's trade deficit widened more than expected as exports slowed.There was a 1.5% rise in exports versus an estimate of 1.8%.Imports climbed 18%.The figures may complicate Prime Minister Shinzo Abe's plan to reflate the economy.*
We're buying businesses with strong net cash,said Maquarrie Group's Sam LeCornu.Some sectors in China are doing quite well,with March retail sales up 12.2%.We had a massive overweighting in health care,but have taken a lot off the table in the past six months.
China and Korea are standout buys.Chinese stocks are undervalued.We completely avoid property developers and banks.If we can't project the downside,we just don't invest.It's too risky.We have nine mainland midcaps in our New Stars portfolio.There's a huge discount.We're in two Citic affiliates.
We really like Korea.It's very cheap.We're looking at companies with net cash.We like Hotel Shilla with its duty free shopping and good airport concession chances.Chinese visitor numbers are up 37% in Korea.A number of Korea stocks are trading well below their intrinsic value.*
Ford Motor is the fastest growing foreign automaker in China.I think it's gonna continue,said CEO Alan Mulally at the Beijing Auto Show.We are bringing the entire Ford Win Plan with all our vehicles available.We think our preferred status will continue.Our sales are continuing to increase.It sure is nice to see the Ford preferred in the sales decision.
I think these new Lincolns are gonna be very well received here.We'll bring them here first,then make and design them here as sales pick up,Mr.Mulally explained.*
Petronas AMG Mercedes continued its dominance of the Formula One series as Great Britain's Lewis Hamilton secured his third straight victory at the Chinese Grand Prix Sunday.His teammate Nico Rosberg of Germany was second,and Spain's Fernando Alonso got Ferarri to its first podium of the season with his third place finish.The series continues in Barcelona in three weeks' time.