According to J.P. Morgan Asset Management, existing trade conflict will unlikely grow into full trade war, Bloomberg reports. Besides, the company is optimistic in regards to Asian shares and views current valuations as “very reasonable”.

In opinion of analytics, stocks of South Korea, which is very dependable on global growth, now are exceptionally cheap, while banking shares of Singapore are very attractive. In general, J.P. Morgan thinks that it is time now to buy region’s stocks.

Despite of the fact that MSCI index for Asia (excluding Japan) fell by 14% from peak values at the end of January experiencing pressure from rising dollar, American interest rates and trade tension, J.P. Morgan Asset forecasts earnings growth for the region at 14%. Firm’s forecast is different from estimates of UBS Group AG and Citigroup Inc., which are less optimistic.