NewsBy Arabella MilehamAsian demand has “started to return” to the market according to Liv-ex – in part driven by buyers of Burgundy (particularly white Burgundy) in Hong Kong. Gilmour argued that in all likelihood this was due to Hong Kong merchants “finally running out of stock” after a six-year overhang, a depletion that was most noticeable in small production lines. The increased demand in Hong Kong was also being driven by lower interest rates, favourable prices and a good economic outlook, he noted. “With the Hang Seng flying, it seems to be concentrated in Hong Kong… [although] Mainland China is still very much sat on the side lines for now”. However Gilmour noted that recovery of the fine wine market was not “dependent” on the return of the Asian market “in a way that we maybe thought it would be a few months ago”.