Author: Suib Jusoh

Southeast Asia’s markets will move in a way similar to that of a “bungee jump” in 2023, plunging before surging in the second half of the year, according to JPMorgan analysts. That’s likely to be characterized by a “sharp fall followed by a rapid increase in altitude (bear market rally) followed by another decline until eventually markets come to rest at rock-bottom,” analysts led by Rajiv Batra wrote in a report. They attributed that to weakened purchasing power in light of monetary policy tightening, lower savings and the higher cost of borrowing. JPMorgan expects the MSCI ASEAN Index to “re-test…

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