Goldman Sees Asia Stock Opportunities After Yield-Led Slide
- Economic growth can offset rate risks, Goldman strategists say
- Oanda says global rebound to boost cyclical-heavy Asian market
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The biggest slump in Asian stocks since March hasn’t shaken the faith of strategists, who recommend buying regional cyclical shares on expectations of a strong economic rebound from the pandemic.
Growth can offset rate risks, a Goldman Sachs Group Inc. team including Timothy Moe wrote in a note Monday, saying they prefer value cyclicals and short versus long duration ideas. Sanford C. Bernstein and Oanda Asia Pacific Pte see Asian stocks weathering a global surge in sovereign bond yields to stay ahead of their U.S. peers in 2021.