Fidelity, Goldman find tariff haven in Asia consumer stocks

Quick Summary:

MSCI Asia Pacific Consumer Staples Index has risen 5 per cent since April 2, the best performance among 11 sectors.

Mr Nick Twidale, chief market analyst at AT Global Markets, said: “Staples will remain a focus for investors in these conditions, whereas we could see a switch back to the likes of discretionary and service sectors if risk appetite comes back.

Asian consumer stocks have also fared better than their peers in the United States and Europe during the market turmoil, thanks to prompt vows of policy support.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongIndiaJapanSouth KoreaUnited States

Topics: April Staples Stocks Sectors Msci Cent Support Consumer Asia Asian Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 07:48:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 30 lines

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Copyright Owner: © The Straits Times

News ID: 28072670

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