Asian Stocks Pull Back After Solid Start
As March set in, early optimism started to taper off, as concerns about China and Europe preponderated.
At the onset, 2013 promised to be a good year for equity investors. Global markets kicked off the year on a positive note, rallying in unison after U.S. lawmakers managed to fend off, albeit temporarily, the much-dreaded fiscal cliff in the world's largest economy.
Most Asian bourses extended their new-year celebrations well into February with upbeat economic data and supportive central-bank policies in major economies boosting confidence. But as the month of March set in, much of that optimism started to taper off, as concerns about China and Europe preponderated.
Gazala Parveen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.