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Asian equities to benefit from defensive investors: Nomura

Investors are becoming increasingly defensive amid this late economic cycle, which augurs well for overall Asian equities, particularly those of China and Japan, according to Nomura Holdings. Jim McCafferty, head of equity research, Asia ex-Japan at Nomura, told a media briefing in Hong Kong that earnings growth for global equities is likely to drop noticeably in the first quarter of…

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