Big divergences continue manifesting across Asian Equity markets.
Editor's note: This is a brief excerpt from Hedgeye research from this morning.
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In South Korea, the KOSPI was down another -1.3% overnight to -3.3% year-to-date. It remains bearish TREND (a duration of 3 months or more) here @Hedgeye. Meanwhile, the bounces in India and the Hang Seng were quite weak. As far as Thailand is concerned (straight down in December), it was down another full 1%.
We call this #GlobalGrowthSlowing.
