Indian, Chinese investors most confident about their economies: Survey

November 14th, 2007 - 2:19 am ICT by admin  
“Respondents in booming India and China were the most bullish, with 78 per cent and 70 per cent of respondents in those countries confident about their homeland’s economic future,” reported.

Thirty-nine per cent of Chinese investors were of the opinion that the stock market would rise considerably, while 31 per cent thought it would rise slightly.

Almost half of the Indian investors saw a considerable short-term rise, while 14 per cent saw a slight rise in the performance of the stock market

Malaysia, Hong Kong, Singapore and Thailand followed India and China in the strong economic sentiments categories.

According to the survey, most investors across Asia thought the investment climate would continue to be positive, but they did not expect it to be as strong as it was six months back.

Investors in China, India and the Philippines were the exception.

Eighty-seven per cent of respondents in claimed that they would apply for an Intial Public Offer (IPO) in three month’s time.

On the other hand, only 42 per cent of Australian investors were of the opinion that the economic situation would improve in their home country in the near future.

A similar number of Australian investors thought that the local share market would rise.

It turns out that Australia’s affluent investors were the 10th most negative about the future of their local economy out of 13 different Asia Pacific nations.

In Australia, 29 per cent of respondents said they would apply for an IPO.

The survey suggested a possible correlation between investors’ level of sophistication and their confidence in the market.

“While investors in more mature economies such as Australia, Hong Kong, Japan and Singapore are seen to be more conservative in their outlooks, those in India and China, on the contrary, are extremely optimistic possibly due to their short investing history,” ING said.

ING Investment management conducted online and face-to-face interviews with 1308 investors who had more than 100,000 dollars in disposable assets when the markets were at the height of turbulence in July and August. (ANI)

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