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Deutsche Bank WM: Buy Asian equities on dips, despite favourable macro outlook

Despite a favourable macro outlook that is supportive of Asian equities and credit—Asian PMI rose to 51.7 from 51.4 in April, a two-year high—Deutsche Bank Wealth Management remains cautious and advises investors to buy on dips. In addition to strong regional PMI data, the bank’s global CIO, Christian Nolting, highlights an interesting observation that points to increasing demand: South Korea’s…

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