Asian markets and most regional currencies bounced back in mid-January. The improvement may be a false dawn.
Fund managers say it is still too early to conclude stocks have reached a turning point.
Hugh Young, managing director of Aberdeen Asset Management Asia in Singapore, predicts it will be at least 18 months before slowing regional economies even begin to show signs of life. Young, who runs several regional funds, spoke recently with Asiaweek's Assif Shameen. Only time will tell whether we have already seen the bottom. But clearly, after the steep declines we saw in first few days of this year, some sort of rebound was in the cards. Certain sectors that have been hammered are starting to look attractive.