As for Tokyo, Giles Ockenden, Japan market analyst at Jardine Fleming Securities, forecasts a recovery in the Nikkei, which he predicts will approach 20,500 in 1998, from around 15,000 at the end of 1997. In the first group are the major consumer electricals and financial stocks, while the second includes property companies, brokers and non-life insurance firms. Browne offers a final word of caution. It's so volatile at this time and so hard to call. Then stay out of the market.
Many experts recommend sticking to cash.
Try safer markets such as Singapore, Hong Kong and Taiwan. It goes without saying that you should look carefully at the financial figures of the company you're planning to invest in. Europe, Latin America and the U.S. are all expected to do better than Asia this year. In keeping with the globalization spirit, look for companies that are international in outlook. All Rights Reserved.