After narrowly beating their US peers for the first time in three years in 2020, Asian stocks could see another strong year, analysts say.
Asia’s outperformance is seen continuing in 2021, with cyclicals expected to catch up to technology stocks as optimism over vaccine rollouts grows. Analysts on average predict that the MSCI Asia Pacific Index will rise about 9% over the next 12 months, versus an estimated 8% gain for the S&P 500 Index, Bloomberg surveys show.
