From Singapore's ChannelNewsAsia, August 6:
Investors' comments on Asia market volatility
Asian share markets rebounded on Tuesday reversing a historic sell-off after central bankers sought to calm investor fears.
Japan's Nikkei rallied 9.4 per cent as of the midday break, after plunging 12 per cent on Monday in its biggest one-day percentage drop since October 1987.
Currency markets remained on edge, with the yen down 1 per cent after rising for five straight sessions to a seven-month high on Monday.
QUOTES
RON SHAMGAR, HEAD OF AUSTRALIAN EQUITIES, TAMIM ASSET MANAGEMENT, SYDNEY
"My view is that this market turmoil is mostly driven by the yen carry trade being partly unwound. That’s happened on the same day where U.S. jobs numbers came in slightly weaker than expected and a potential imminent attack by Iran on Israel.
"Combine those factors with a market that so far hasn’t seen the usual and bi-annual pullback or correction of 5-10 per cent this calendar year - and you had a so-called rug pull. We think volatility will persist over the next few weeks and stock prices direction will be dictated by the upcoming results season in Australia and the U.S. during late August."GARY NG, SENIOR ECONOMIST FOR NATIXIS, HONG KONG
"It is hard to say the worst is behind us ... pressure might linger a little bit."
"There are many moving parts, with three key concerns come from the outlook of the U.S. economy, the unwinding of investors' trades in Japan and geopolitical risks in the Middle East ... particularly the last one, which has not been fully realised for now. As for the U.S. recession outlook, we see some sectors in the economy like consumption still holding up, and datasets in the coming weeks might come out not as bad as the surface looks, and it may help stabilise things."....
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