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Techs and banks are Asia’s most loved stocks in 2019

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Logo and mascot ‘Ali cattle’ at the headquarters of Alibaba Group in Hangzhou.

Zhang Peng | LightRocket | Getty Images

Technology and bank stocks in Asia dominated the top picks for analysts in 2019, as shares in the region made strong gains this year.

Mainland Chinese stocks also rallied this year, with the Shanghai composite soaring nearly 22% higher than the start of the year, while the Shenzhen component skyrocketed by about 43%. The Shenzhen composite also followed the trend, rising some 35%.

Hong Kong’s Hang Seng index, meanwhile, is set to end 2019 higher than the start of the year — about 12% higher, going by last Friday’s close.

MSCI’s broadest index of Asia Pacific shares outside…



Source cnbc.com

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