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Manulife Investment Mgmt Predicts Middle East Situation to Pressure Stock Mkts in India, S Korea & Other Asian Countries in ST
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The current Middle East situation may heap pressure on stock markets with a high proportion of energy imports, such as India, the Philippines, Taiwan, and South Korea, in the short term, said Manulife Investment Management. Manulife Investment Management based its argument on a prediction that oil price surges may raise input costs, compress corporate profits, and delay anticipated monetary easing policies, particularly affecting industries like transportation, aviation, logistics, finance, and real estate. In contrast, the impact on Chinese stocks may be more sentiment-driven rather than based on fundamentals, as strategic petroleum reserves are expected to provide a buffer against short-term supply risks. AAStocks Financial News |
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