Research firm Morningstar said Asian markets will likely be supported by the rise in earnings estimates.With President-elect Joe Biden due to be sworn in this week, market uncertainty could be further reduced, the research house said.Justin Chin | Bloomberg | Getty Images
Asia is expected to bounce back this year from the worst of the pandemic, and analysts are expecting earnings growth in the region to be stronger than the West.Research firm Morningstar pointed out that investors have already piled into cyclical sectors triggered by positive vaccine news, ahead of stronger earnings this year which will likely boost Asian markets.
Cyclical stocks are those tied to the economic cycle, and they tend to have stronger performance when the economy improves.due to be sworn in this week, market uncertainty could be further reduced, the research house said, pointing out that Biden has been said to be more predictable in foreign policy.
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