Several Asian cultures celebrated the arrival of the Lunar New Year in recent weeks, and in the Chinese astrological tradition this will be the Year of the Fire Monkey! Apparently this sign is known to be full of tricks, surprises and fun. Monkeys are claimed to be clever, playful and enjoy practical jokes, they are impulsive in nature and have short attention spans. We are unsure how relevant this psychology may play out in the region given the volatile start to the year that many markets globally have been experiencing. While market watchers have generally been focused on the hourly/daily reportage of (often negative) cyclical data, perhaps it is time to also consider a few of the structural trends unfolding in this region.
Source : CBRE Global Investors