Earnings Season Another Reason for Asia Traders to Sell

Analysts have reduced earnings estimates for stocks in the MSCI Asia Pacific Index due to various factors like trade tensions and currency fluctuations. Recent reports show many companies in Asia missing profit estimates, while Europe and the US maintain a positive outlook. Currency movements impact EPS, but there are still opportunities in markets like India, Hong Kong, and New Zealand.

What role do currency movements play in the earnings estimates according to the discussion?

Which specific sectors or regions are expected to perform well according to analysts, and why?