Macquarie names 10 'highest conviction' Asia stocks that have 'borne the brunt' of recent sell-off

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Australian investment bank says investors should focus on companies that still have their strong fundamental growth drivers intact.

Macquarie named its 10 "highest conviction" stocks that it believes present buying opportunities for investors amid the current market volatility and sharp sell-off across global markets. The Australian investment bank's analysis comes as markets grapple with concerns over a potential U.S. recession and the unwinding of the Japanese yen carry trade.

Hitachi , TEL, NEC , SK Hynix , Wiwynn , Alchip , Sugi , Daiichi Sankyo , and HD Hyundai Electric were among the 'highest conviction' stock ideas. Most of the name stocks also trade in the U.S. over the counter, albeit at low volumes.

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