Bank of America: Asian buybacks just hit a 20-year high — and these stocks are a buying opportunity

Analysts at Bank of America named Asian stocks with high buybacks, which they said are an opportunity for investors. Companies buy shares back from investors for a variety of reasons, and BofA has tracked buybacks in Asian stocks over more than three decades. "Data since Jan-90 shows Asia stocks with High Share Buybacks tend to outperform," the analysts wrote in an August 31 research note.

Other Chinese stocks on BofA's list include semiconductor supplier Daqo New Energy and utilities firm Huaneng Power . South Korea, Australia and beyond In South Korea, the bank identified grocery companies CJ Cheil and E-Mart, while in Taiwan, stocks on BoA's list included liquid crystal display company Innolux and computer components manufacturer Catcher Tech . Australian stocks on BofA's list included banks Westpac and National Australia Bank .

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Fight the market malaise with these ‘attractive’ stocks, Bank of America and Goldman sayGoldman Sachs and Bank of America named a host of top stocks this week as fears of a dreary September intensify.
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