'Correction' to kickstart rally in Asian bourses

SINGAPORE: Asia's stock market rally will resume after a "correction", offering investors opportunities to increase holdings, Goldman Sachs Group Inc and Credit Suisse Group AG said.

Goldman Sachs will start "extending a toe into markets" and Credit Suisse advised investors to start buying shares when the MSCI Asia - excluding the Japan Index - falls to about 420, or 7.2 percent below Wednesday's close, when the gauge ended 9.6 percent below the 18-month high on Jan 11.

"This is a healthy correction," said Nicholas Yeo, head of Hong Kong and mainland equities at Aberdeen Asset Management Plc, which oversees about $238 billion of assets globally. "This allows us to buy into some stocks that we've been eyeing but that have been too expensive."