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Analysts' 'buy' ratings jump to peak in Asia, Asian benchmark up 20% from four-year low last month

Bloomberg
Bloomberg4/29/2020 5:47 PM GMT+08  • 2 min read
Analysts' 'buy' ratings jump to peak in Asia, Asian benchmark up 20% from four-year low last month
Buy ratings make up almost 70% of about 26,000 analyst recommendations for equities in the MSCI Asia Pacific Index, according to data compiled by Bloomberg.
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(Apr 29): Never mind the coronavirus-fueled volatility. With the slide in Asia stock prices, analysts have turned increasingly bullish on the shares.

Buy ratings make up almost 70% of about 26,000 analyst recommendations for equities in the MSCI Asia Pacific Index, according to data compiled by Bloomberg. That’s the highest proportion since at least 2010, and up from about 66% at the end of last year, before the global outbreak started.

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