
Traders work on the floor of the New York Stock Exchange. Photo: Reuters/Brendan McDermid
Asia UnhedgedReal-time intel on what moves markets
S&P 500 firms with greater exposure to Asia outperform in August
Despite escalating tensions in the region, greater exposure to Asia meant better returns last month
By Asia Unhedged
September 9, 2017 3:24 AM (UTC+8)
According to FactSet, the escalation in tensions between the US and North Korea in recent weeks hasn’t hurt S&P500 companies with greater exposure to the region. The breakdown of companies with most exposure to the Asia/Pacific super-region shows they have well outperformed.
Average price change for S&P 500 stocks:
- Overall: -1.1%
- With at least 20% revenue exposure to AsiaPac: +0.5%
- With at least 40% revenue exposure to AsiaPac: +2.0%
Median price change:
- Overall: -0.3%
- ≥20% exposure to AsiaPac: +0.8%
- ≥40% exposure to AsiaPac: +1.3%
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