Regional stocks likely to be in consolidation mode
Abu Dhabi The regional stock markets are likely to be in a consolidation mode in the week ahead, moving sideways in a tight range as they await more local and global cues for direction, say market analysts.
Even as valuations in Europe and the US have fallen in recent years, Chinese companies are focusing on domestic consolidation to build market share rather than buying overseas assets, according to a survey released by Bank of America Merrill Lynch Tuesday.