Tepid earnings growth in September quarter an Asia-wide problem: Nomura

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Tepid earnings growth in September quarter an Asia-wide problem: Nomura - Business Standard

Quick Summary:

The fall in the mid-and small-caps has been sharper, with both the indices slipping around 11 per cent each, data shows.

While analysts at Nomura expect the Asian markets to stage a recovery from their current oversold levels, those back home do not expect the recovery to last for long as FIIs continue to sell.

China that has announced stimulus measures off-late to prop up its economy, saw 49 out of 87 such companies miss estimates / forecast in the recently concluded quarter, Nomura said.