cc may contain inaccuracies how much of your call is about chinas reopening and how much about just the tech sector given tsmc and samsung in the likes of korea and taiwan and its actually a bit of what we are expecting you know a big turnaround the ceos for asian markets i think i want to highlight that its one twelve months on in the short term we are still maintaining slight but also in defensive stance given there is still a risk of a global recession making a larger point is that asian markets have been through a much severe bear market than it would be things to see and the china may well be more positive even for asian exchange markets as well as i think the fact is that even the longer term growth expectations for the region have completely collapsed in the cycle which generally tends to be much more positive for the markets for the twelve months so we are actually expecting a big reversal of beaten down stocks which you will find a lot of them in china india as well as day one and if not then it will be in the dax emma chandra does that mean that your less favorable towards markets have been the source of a lot of optimism last year and im thinking perhaps india rc on that ive heard so much about in 2022 absolutely yes so the big goal is that we are expecting 2022 we know steals their leadership and the 2022 league to actually come back sharply this year so yes its su keenan we are favoring more china guideline here and that we are being more underweight in the markets that have done well in 2022 which is basically yeah yeah yeah and in fact taking a look at this chart when you when you look at the momentum for chinese assets it looks like were in overbought territory but it could also suggest that we stay in overbought territory given the rerating of chinese assets right take a look at this summary and we did see some profit taking when it comes to the golden dragon index for example but do you think there is still value here and some of these suddenly loved stocks again for china we do think i think that asset value going to go into these bags especially yes you know there has been a lot of interest in the last couple of months weve seen significant rerating of some of these names but even then broader markets in china remain below average levels we do think that is enough for you know multiple expansions for a flash within the like dogs that are some stocks which are already becoming overbought we would avoid them so we would stick to the ones where there is a valuation which is and its not bathhouses valley for this year you just think its more about looking at individual companies we do think that you know the good old west is valuing would to give you the right mix we are still maintaining you know export reject or value but more defensive fights of value which is basically the high yielding names but were sticking to that explosion only for the short term in the dying you know global recession just sort of leaves out but with a lot although the twelve months then we are banking more on the winners which is the laggards rather than growth versus value and that of course we give you reasonable exposure to group names because they have suffered a lot and generated and the global recession risk has a huge impact on whether us dollar goes where the greenback goes obviously has an impact on the outlook for emerging markets how are you modelling that risk role or opportunity we think you know historically what weve seen is that when we start seeing dollar feeding even if it grew more remains slightly elevated and generally tends to be more respond for the markets and weve already started seeing that for the last few months thats one of the reasons you know there has been a better sentiment in asian markets are we not making concerned around the movement of the dollar however having said that there are still a lot of lines where these inflation years and other central banks youll believe in vix so something to force you know keep a close eye on wed be seeing that a lot of the headwinds from dollar behaviors