Asian Companies More Optimistic In Second Quarter: Thomson Reuters/Insead Survey


(Source: The Straits Times, June 22 2016)  According to a survey, general market sentiments by Asia’s largest companies was at its highest of the year in the second quarter, helped by signs that China’s economy appears to be slowly stabilizing. Increased optimism was seen throughout ASEAN, with the Business Sentiment Index in Singapore reaching a two-year high at 63 from the previously recorded 50, while Malaysia sentiment improved from 45 to 55. Indonesia also recorded the quarter’s biggest rebound with a 22 point jump to 64. Currently, China’s business sentiment index, which represents a six-month outlook of 139 firms, rose to 67 for the months of April to June, in comparison to 65 just 3 months earlier. A Business Sentiment Index reading over 50 indicates a positive view.


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