As a swift and broad rally in Asian stock markets after China’s reopening from COVID curbs peters out, investors are targeting beaten down stocks in sectors including retail, hospitality and technology to lead a narrower advance from here.
For investors looking for their next leg of growth, analysts recommend sectors that stand to benefit from the pent-up demand of Chinese consumers, such as hospitality firms, retailers, and industries that struggled during the economic downturn, including online recruiters and shopping mall operators.
Man Wing Chung, lead manager for Value Partners’ Asia ex-Japan Fund is adding to technology hardware and semiconductor stocks in Taiwan, saying their “valuation has already priced in a lot of the negative sentiment on the downward tech cycle.” Driven by expectations that people in the world’s most populous country will rush to travel and socialise after three years of the most stringent pandemic lockdowns, shares of Macau gaming companies Sands China, Wynn Macau, MGM China have all more than doubled in the past three months.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks rise with U.S. futures as earnings in focus - BNN BloombergStocks advanced with U.S. futures as investors digested a slew of earnings reports and awaited data on U.S. jobless claims.
Read more »
Why Nasdaq stocks saw a supercharged ‘January effect’ this yearRemuneration-motivated portfolio rebalancing and tax-loss selling at the end of 2022 set the market up for big 2023 gains
Read more »
Fed won't reverse tightening, what this means for stocks, Bitcoin - Clem ChambersRecorded on January 19, 2023Clem Chambers, CEO of Online Blockchain, explains how the U.S. debt ceiling and crypto regulation are affecting markets in stocks...
Read more »
Canadian dollar gains as stocks climb; domestic jobs data awaitedLoonie at 74.71 U.S. cents
Read more »
15 top-ranked Nasdaq-listed stocks with bullish upside momentumWe are looking for Nasdaq-listed stocks with strong potential to trend higher
Read more »
Premarket: European stocks fall on growth worries; yen up on likely new BOJ headConcerns about rising interest rates continue take a toll on investor sentiment
Read more »