UBP more positive on Asian equities following cyclical upswings

Sustained positive surprises from North Asian data releases has led UBP to be positive on Japanese equities and upgrade its weighting on Asia ex-Japan equities to neutral, compared with benchmark weights in its portfolio. Japan’s inflation remains muted Inflation remains contained in Japan, having declined in February from +0.1% to -0.1% YoY on a seasonally-adjusted basis, while the core rate…

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