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Asian Stocks Have the Most Buy Ratings Since 2011

Among more than 18,000 analyst ratings for stocks in the MSCI Asia Pacific Index, 60 percent are buy recommendations -- the highest since October 2011 -- according to data compiled by Bloomberg. While earnings are still expected to grow this year, there has been a slight deceleration in the pace of profit upgrades, the data show. There is some risk the overflowing optimism points to a vulnerability for equity investors if markets shift, although the improving economic outlook in the region suggests that is unlikely at the moment, strategists said.