Is the third single from Abba's 1975 self titled ABBA album and their first global hit since waterloo.
Analyst are saying that Asian stocks might soon face it's Waterloo, hence Bloomberg has put out the S.O.S. read below :
A pullback in Asian equities looms after a stellar start to the year, according to fund managers, who remain bullish for the longer term thanks to cheap valuations and optimism that the region will benefit from improving global growth.
While managers see strong fundamentals, they ticked off several risks that may weigh in the second quarter, from French elections and Brexit to U.S. interest rates, as well as Donald Trump’s stance on protectionism and his ability to steer his agenda through Congress.
“We are cautiously optimistic, but there a lots of things that could upset this benign environment,” said Paul Danes, chief executive of Martin Currie Asia, a subsidiary of Legg Mason. “There will no doubt be persistent concerns about what President Trump says and does, and how this will be reflected in policy. We can think of plenty of disaster scenarios, and in such an event there will be few businesses untouched.”
The MSCI Asia Pacific Index jumped almost 9 percent from January to the end of March, its best return since the same period in 2012. It was up 0.2 percent at 9:45 a.m. Monday in Hong Kong, kicking off the second quarter higher, along with markets from Japan to Australia. India’s Sensex advanced the most in the region in the first quarter, rising more than 11 percent to a record high. Japan, pressured by a strengthening yen, had the poorest showing among major markets, as it slipped to a loss on the final day of the quarter.
