HONG KONG: Asian stocks are looking unusually calm as the worst quarter since the global financial crisis draws to an end. While investors remain cautious about further volatility, the recent bounce has emboldened them to focus on what to bet on in the days to come.
For William Yuen, investment director at Invesco in Hong Kong, countries that have seen the coronavirus pandemic stabilize and are on the path to resume economic activity are better positioned than those that are still in the process of containing the outbreak.
Key events to watch are the spread of virus in Europe and the US, a breakthrough treatment and recovering economies, he said.
His view echoes that of Margaret Yang, a strategist at CMC Markets Singapore Pte., who says China, as the first major economy to weather through the outbreak, has a better chance of beating regional peers in the second quarter.
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