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Markets already “overdue for a correction”: Nomura WM’s Ng

The risk of an impending correction is growing as equities continue to rally and stock market volatility reaches a year-to-date low, according to Vincent Ng, joint CIO, Asia ex-Japan at Nomura Wealth Management. “The market is already overdue for a correction, but we believe that will be a healthy correction,” Ng told Asian Private Banker. “If you look at the magnitude…

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