Salient to Investors:
Nader Naeimi at AMP Capital Investors said China is heading toward slower growth than in the past decade, which means less demand for commodities, and has reduced equity exposure in the short-term. Naeimi says the market needs to correct at least 10 percent.
The MSCI Asia Pacific Index is at 13.9 times average estimated earnings versus 14 for the S&P 500 and 12.5 times for the Stoxx Europe 600.
Read the full article at http://www.bloomberg.com/news/2013-04-16/asia-stocks-fall-after-china-sparks-global-growth-concern.html
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