Equities a buy despite risk of macro blow-up: BlackRock

Now’s the time to invest in Asian equities on valuation grounds, notably Chinese stocks, argues BlackRock, even as rivals warn of a potential macroeconomic blow-up. The world’s largest asset manager with $3.67 trillion noted this week that Asian companies had seen their earnings forecast revised down 20% to date this year amid a slide in China’s GDP growth rate (7.4% in the third quarter). Such negative sentiment has filtered down to 2013 earnings expectations. But while this ha…