According to a survey of finance directors from small to mid-sized companies conducted by the Association of Chartered Certified Accountants and the Institute of Management Accountants, Asia Pacific countries from China to Singapore believe theirs and the global economicoutlook were getting worse.
In its latest World EconomicOutlook, the IMF identifies four reasons: China's exchange rate, its terms of trade, global spending and China's own investment expenditure.
Bullish market watchers said that improving U.S. economic data, a slightly less contentious U.S. Congress, a better outlook for China and Europe tackling its sovereign debt problems are all supporting equity prices.