Goldman Sachs’s Moe Sees Signs of Weak Stabilization in Asia Earnings

The video discusses the weak market stabilization and earnings performance in 2019, with a focus on the Asia-Pacific region. Despite a negative earnings outlook, market valuations have increased. China's performance has been a positive surprise, driven by sectors like New China and banks. The video also explores the potential for a cyclical upswing next year, considering factors like monetary policy and semiconductor stock comparisons.

What was the initial consensus growth expectation for the year, and how did it change?

• Started at 10%, now zero to minus one

• Started at 5%, now minus two

• Started at 15%, now minus five

• Started at 20%, now minus ten

Which country showed a positive surprise in economic performance?

• China

• India

• Japan

• South Korea

What was a significant factor for the better performance of Chinese banks?

• Increased investments

• Lower provisioning

• Government subsidies

• Higher income growth

How much did market valuations increase this year?

• 18%

• 15%

• 10%

• 20%

What is a key dilemma for markets regarding next year's outlook?

• The influence of global trade agreements

• The role of government policies

• The extent of cyclical upswing already priced in

• The impact of new regulations