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Asia: Local Matters Trump Fed

Asia Pacific's Do is bullish on Asia for the long term, and says that issues such as subprime lending have not affected the region at all.

"Although we watch the U.S. day-to-day, the medium term correlation between the U.S. and Asia is not that straightforward. The U.S. is up 10% this year, whereas in the case of Asia it's about 45%, so you feel there must be some kind of decoupling from the traditional point of view of the U.S. leading Asia ."

"There will be some unbelievable performances over the next six to twelve months," he adds.

Daniel M. Harrison is a business journalist specialising in European and emerging markets, in particular Asia. He has an MBA from BI, Norway and a blog at www.theglobalperspective.biz. He lives in New York.
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