East Asian stocks are expected to have a better run next year, provided U.S. equities perform well on U.S. President-elect Donald Trump's tax cut plans and investors overcome concerns about a pending rise in protectionism, a Reuters poll found.
The poll taken over the past 10 days showed equity strategists largely stuck to bullish views, their default position.
Shanghai Composite Index .SSEC, it is expected to end 2017 at 3,650 points, up 14 percent from now. But forecasts were in a wide range, from 3,250 to 3,905.
Hong Kong's Hang Seng .HSI index is expected to rise some 7 percent from now until end-2017 to 24,290.
South Korea's Kospi Index .KS11 is forecast to gain by a similar amount and climb to 2,135.
However, depends on China's economy and how it performs in 2017 with concerns about overcapacity in many industries, risks from an overheated housing market and weak global trade flows.
The world's second largest economy has recently shown signs of stabilization in growth after a flurry of debt-fuelled spending. But many are now concerned about the threat China's mountain of debt poses to its future economic performance.
Stocks in the wider region, such as in Australia, and Japan are also expected to perform better next year.
Reference: CNBC
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