RESEARCH - Broking pains
After enjoying a market rally in 2003 and early 2004, Asian brokers have seen many international investors pull back from the region's small and mid-cap stocks. But brokers remain convinced that despite the recent market sell-off there are still genuine small and mid-cap investment opportunities on offer. Richard Morrow reports.
Asia's domestic and smaller regional brokers have had it tough this year. With worries about US economic growth, China being a potential bubble about to pop and high oil prices playing heavily on investors' minds, investment and active trading into many of Asia's small and mid-cap stocks—traditionally the
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