FILE PHOTO: A power-generating windmill turbine is pictured during sunset at a renewable energy park in Ecoust-Saint-Mein, France, Sept 6, 2020.
analysts say renewable energy stocks in Asia could surge in 2021. (Reuters)
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 8% over the next 12 months, versus an estimated 7% gain for the S&P 500 Index, Bloomberg surveys show.
A strengthening economic rebound in China and Asia’s low valuations relative to the US and Europe are also key positives…
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