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Rising rates will not derail Asian equities: UBS WM

While US bond yields continue to surge, Asian equities are “neither stretched nor close to a peak” due to higher GDP growth forecasts, continued investment discipline, asset quality improvement and a fast-growing IT sector, according to UBS Wealth Management (WM). Asia ex-Japan (AxJ) equities had a good start in January with the MSCI AC Asia ex-Japan Index up 7.56%. In…

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