 "Asian economy")
While technology stocks continue to front Asia’s equity rally, one hot sector from 2020 has fallen to the bottom of the leaderboard: health care.
Essentially flat year-to-date, a gauge of the sector is the worst-performing in Asia, lagging the region’s benchmark by nine percentage points. It is on track to underperform the MSCI Asia Pacific Index for a third straight month, the longest losing streak in three years.
A growing expectation of a return to normal for the global economy has caused investors to abandon defensive bets made during the pandemic, such as health care -- the second-best
Essentially flat year-to-date, a gauge of the sector is the worst-performing in Asia, lagging the region’s benchmark by nine percentage points. It is on track to underperform the MSCI Asia Pacific Index for a third straight month, the longest losing streak in three years.
A growing expectation of a return to normal for the global economy has caused investors to abandon defensive bets made during the pandemic, such as health care -- the second-best
