South Korea's stock market is tipped to be the top performer in a region trending upward, says Mercer Investment Consulting, which is releasing its annual 'fearless forecast' survey. Polling 31 Asian-based investment managers representing $6.3 trillion of assets, the consultant finds they expect stock indices to close higher in 2004 than their level in October, 2003 when surveying commenced.
Respondents' average expectation of Korea puts the Kospi 16.7% above its October 2003 level by the end of the new year in other words, the average response puts it hitting 913 in December, with predictions ranging from 1,010 to 831. The Kospi stood at 782 when the survey began, and closed yesterday Monday at...
