Asian stock markets still in bear country, Goldman says


Investors who may be getting optimistic that markets across the region have bottomed should resist that notion, strategists led by Timothy Moe said in a note Monday.

ASIA stocks are not out of the woods yet, despite the recent bear-market rally, according to Goldman Sachs Group Inc.

Investors who may be getting optimistic that markets across the region have bottomed should resist that notion, strategists led by Timothy Moe said in a note Monday. The MSCI Asia Pacific ex-Japan Index has rebounded some 12% since March 23, when it hit its lowest level since 2016.

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