(Bloomberg) -- South Korean stocks are expected to see the most profit growth in Asia next year, according to data compiled by Bloomberg. Meanwhile, Australia has the region's worst earnings outlook, raising doubt among some analysts that the market's 18% rally this year -- on track for its best performance in a decade -- will be sustainable in 2020. “We are more cautious on the near-term outlook in Australia given macro data have continued to disappoint,” Goldman Sachs Group Inc. strategists led by Matthew Ross wrote in a note.
--With assistance from Ee Cheng Teh.
To contact the reporters on this story: Jackie Edwards in Sydney at jedwards160@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net
To contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Teo Chian Wei, Matt Turner
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