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Asian markets gird loins for Year of the Castrated Bull

The Year of the Ox starts Jan. 26. An “ox,” according to Webster’s New World College Dictionary (4th edition), is “esp., a castrated, domesticated bull (Bos taurus), used as a draft animal.” In a recent report predicting that Southeast Asian stocks will make a limited comeback this year, CIMB-GK Research analyst Toh Hoon Chew wrote: ...

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The Year of the Ox starts Jan. 26. An “ox,” according to Webster’s New World College Dictionary (4th edition), is “esp., a castrated, domesticated bull (Bos taurus), used as a draft animal.”

In a recent report predicting that Southeast Asian stocks will make a limited comeback this year, CIMB-GK Research analyst Toh Hoon Chew wrote:

The year of the castrated bull seems appropriate given our expectations for 2009.

But some are still hoping for a virily bullish year in the stock markets. South Korea’s Financial Services Commission chairman, Jun Kwang-Woo, second right, adorns a bull with a crown of flowers to celebrate the 2009 opening of the stock market at the Korea Exchange (KRX) in Seoul on Jan. 2.

Meanwhile, the folks at the Tokyo Stock Exchange seem to have the ox theme down. Kimono-clad women and a cuddly, cartoon-like ox celebrate the first day of 2009 trading today, Jan. 5.

Preeti Aroon was copy chief at Foreign Policy from 2009 to 2016 and was an FP assistant editor from 2007 to 2009. Twitter: @pjaroonFP

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