The Case for Buying Asia Stocks Over U.S. Ones as Election Nears

Japan Stocks Look to Cap Fourth Weekly Gain After Rate Decisions

Photographer: Kiyoshi Ota/Bloomberg

An expected surge in election-related volatility in the U.S. stock market is paving the way for Asian shares to make a run at besting their American peers.

Since hitting an all-time low relative to the S&P 500 on Sept. 2, the MSCI Asia Pacific Index has outperformed the U.S. benchmark by almost five percentage points. That nascent trend is expected to persist at least through the November poll and potentially beyond, according to strategists.

Asia-Pacific stocks languishing close to record relative low vs U.S.

“There is a better than average chance that Asian stocks will outperform U.S. stocks over the course of the next month,” said Eoin Murray, head of investment for international business at Federated Hermes. “The volatility rise will be more pronounced in U.S. risk assets, and will pervade more globally but with less strength.”

Fears about a contested election result and President Donald Trump’s decision not to push for further stimulus

Read More
Read More

Amazon, Apple, Facebook, Google probe by house panel nears final steps

House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law Chair David Cicilline, D-RI, speaks during a hearing on “Online Platforms and Market Power” in the Rayburn House office Building on Capitol Hill in Washington, DC on July 29, 2020.

Mandel Ngan | AFP | Getty Images

Congress’ more than year-long investigation into four of the world’s most valuable tech companies is nearing its final stages, paving the way for new legal proposals that could drastically alter antitrust enforcement in the U.S. for the years to come.

On Thursday, the House Judiciary subcommittee on antitrust held its seventh and final hearing in a series examining the health of competition in digital markets and the business practices of Amazon, Apple, Facebook and Google. The event was not as splashy as the subcommittee’s July hearing featuring the four tech CEOs and it also took about half the time.

But the nitty-gritty legal questions

Read More
Read More

Alibaba Cloud nears profitability as customers move from IaaS into AI, data analytics workloads

Alibaba Cloud has become the dominant cloud provider in China and nearing profitability, but future growth will largely revolve around moving up the services stack for artificial intelligence and analytics workloads.

The upshot from Alibaba Group’s investor sessions this week is the e-commerce giant is surging as shopping habits chang,e and it has a portfolio that touches commerce from many angles. Its Alibaba Cloud unit is what Amazon Web Services is to Amazon.

And like AWS, Alibaba is starting to see Alibaba Cloud as a future profit engine. Alibaba CFO Maggie Wu said that the cloud unit will turn profitable within fiscal 2021. 

“The company expects cloud to become EBITA profitable in fiscal 2021, and is targeting AWS-like profitability long term,” said Oppenheimer analyst Jason Helfstein in a research note. “Moreover, ARPU is growing significantly faster than customers, implying customers are moving ‘up the stack.'”

Alibaba CEO Yong Zhang said

Read More
Read More

As hospitalizations rise, CT nears deal for smartphone apps to trace COVID contacts


Within a month,

Read More
Read More