Wednesday, September 30, 2009

Henderson Says Asian Equities May Gain on Earnings

(Bloomberg) -- Asian stocks may extend a seven- month rally into the final quarter of the year as analysts upgrade their earnings estimates on signs of growth in economies around the region, according to Henderson Global Investors. Government stimulus packages will continue at least until exports in regional economies rebound, Michael Kerley, director of pan-Asian equities at Henderson, which has $84 billion in assets, told reporters in Singapore. The MSCI Asia Pacific excluding Japan Index has rallied 21 percent since June 30, set for its second quarterly advance.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEl.k0JQERSA

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