China, Defensive Sectors Win Favor as Asian Stocks Stage Rebound

MSCI Asia gauge is heading for best day since Nov. 2022
Defensive stocks are getting a better look, analysts say

Stocks worldwide fall as concerns over the US economy grow. Angelo Kourkafas, Edward Jones Senior Strategist joins Ed Ludlow on “Bloomberg Technology.”Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Abhishek Vishnoi and Winnie Hsu

August 6, 2024 at 5:57 AM UTC

This article is for subscribers only.

Asian equities rebounded from Monday’s steep selloffs worldwide as bargain hunters returned, igniting questions about whether the worst is over or if it’s a dead cat bounce.

Emerging themes in market participants’ radar — in the wake of a repricing of US recession odds and the unwinding of yen carry trade — include dip-buying in selective stocks, rotation to China, loading up on defensive equities, and the vulnerability of AI shares.