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via EdgeSingapore RSS on 8/5/09
Global stocks are fully priced following a rally this year, with Chinese shares having entered a "bubble," Aberdeen Asset Management Plc's Hugh Young said.
Gains in equities from this year's lows don't reflect the outlook for a slow recovery from the global recession, said Young, who helps oversee the equivalent of US$220 billion ($315 billion) as Aberdeen's Asian managing director. In China, recent initial share offerings signal a "classic market top", he added.
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