Japan

The median target of seven analysts and investors for the Topix index at the end of 2017 is 1,600, about 4% above its current level; Bloomberg calculations show a price target of 1,573.96
Topix closed at 1,540.25 on Tuesday; index is down 0.5% for 2016 even after climbing back to a bull market last month
Japanese stocks are likely to receive a further boost from the global economic environment, riding on the wave of optimism about the US economy under Trump, strategists at Daiwa SB Investments and Mitsubishi UFJ Kokusai Asset Management said
The second half of the year might prove more challenging, as the market gets more clarity on Trump’s policies, said Naoki Fujiwara, chief fund manager at Shinkin Asset Management
Fujiwara sees Japanese stocks entering a more "lackluster phase" if the Fed rushes its rate hikes
Greater China

Strategists surveyed see Hong Kong’s Hang Seng Index at a median of 25,000 and the Hang Seng China Enterprises Index at 11,000, for gains of up to 13% from current levels; for the Shanghai Composite Index, they see a more than 20% advance to 3,800, following a slump of more than 10% this year
While the Chinese market may begin with a slow start, earnings growth is likely to recover to the highest in four years on firmer inflation, Goldman Sachs China equity strategist Kinger Lau wrote in a note
Energy is the preferred sector by most strategists surveyed; banking, insurance and consumer-discretionary stocks expected to do better in 2017; telecommunications and utilities to underperform, analysts including those from Macquarie and Citigroup said
Market fears in the wake of yuan weakness and property curbs are "exaggerated" as domestic resilience should outweigh trade risks next year, Citi strategists said
According to Bloomberg calculations, the price target for Taiwan’s Taiex Index is 9,839.63, representing a gain of almost 5% from current levels
India

India is “looking attractive” and is poised for a double-digit return in 2017, said Morgan Stanley strategists, who see the Sensex at 30,000 by next December
Benchmark is up 2.2% this year, to about 26,700
Morgan Stanley is positive on consumer-discretionary, financials, technology; underweight staples, energy, industrials, telecoms and utilities
Shares have priced in concerns about economic growth and earnings, said BNP Paribas, which sees India as a "core" overweight
National sales tax implementation, steps toward cashless society will benefit in the long term as they will result in significant expansion of formal economy: BNP Paribas
The price target for the Sensex is 30,798.11, an upside of 15% from current levels, according to Bloomberg calculations
Korea

The median target on the Kospi index for the end of 2017 is 2,220, according to seven strategists surveyed; that compares to a Bloomberg calculation of 2,472.14, which would be a strong 21% rally from Tuesday’s close
Limited leadership after the impeachment of President Park Geun-hye could hurt mid- to long-term economic growth potential, as uncertainty is expected to continue for at least half a year, Macquarie analysts wrote in a strategy note
An increase in US protectionism against Korean exports is another key risk that would impact Korean stocks, said Standard Chartered
Asean

Strategists see geopolitical risks and a "tougher environment" in 2017 after a year in which Southeast Asia’s emerging markets were buffeted by interest-rate concerns
Citi has a target of 710 for MSCI Southeast Asia Index; the gauge is currently at about 690
Indonesia may see a pickup in growth driven by commodities, BNP Paribas strategist Manishi Raychaudhuri wrote in a report; weak government spending and low investment growth remain near-term concerns
Malaysia is vulnerable to potential trade protectionism under a Trump administration due to its small domestic market, Macquarie said; the country is rated underweight at four banks
Geopolitical uncertainty is likely to limit foreign participation in the Philippines, Morgan Stanley said as it downgraded the market to underweight; domestic consumption and private investment are still likely to drive growth, Macquarie and Nomura said
Singapore’s slowing economic growth is likely to continue in 2017; medium-term earnings are expected to be the weakest in the region: Nomura
Thailand’s private sector is likely to see elevated household debt and low capacity utilisation, Macquarie strategist Alastair Macdonald said; Morgan Stanley sees positives in constitutional changes that can bring about political stability
Australia

Median target on the ASX 200 Index for the end of 2017 is 5,737.5, according to four research units at banks including Credit Suisse and Morgan Stanley
While Credit Suisse sees company profits rising for the first time in three years on global reflation, reform in China and a shift toward dividends rather than yields, Morgan Stanley expects the index to make little headway
Housing’s contribution to Australian economic growth has peaked and is expected to plateau in 2017 before declining in 2018, Morgan Stanley strategists led by Chris Nicol wrote in a note
Price target for the ASX 200 based on Bloomberg calculations is 5,690.97, up 2.6% from Tuesday’s close