Asian stocks drop as China raises bank reserves

After surging last year, Asian stock markets will likely trade sideways for the next few months as traders monitor whether economic growth in the U.S. and Europe continues as interest rates raise and government stimulus spending eases, said Timothy Wong, head of group research at DBS bank in Singapore.

"Investors are uncertain what the catalysts are going to be for the markets to more higher," Wong said. "For the markets to move higher, you would need much higher export growth, which would be a function of what's happening in the U.S. and Europe."
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