Asia Is Seeing a Wave of Buybacks. Goldman and Morgan Stanley Say These Companies Could Be Next

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Asia has seen a wave of stock buybacks, and bank analysts say it’s not stopping anytime soon.

China's tech stocks have fallen since last year on the back of regulatory crackdowns in China as well as U.S.-China tensions, among other factors.

explicitly encouraging listed companies to conduct share buybacks," analysts from the investment bank said. "The market definitely expected Tencent to announce a buyback. I think this was mainly because Alibaba had and the positive price reaction to it," said"[Tencent] did note their own stock price has dropped significantly too – which may be a sign that they would consider a buyback, so I don't think that possibility should be ruled out in its entirety," he added.

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