Traders work on the floor of the New York Stock Exchange. Photo: Reuters/Brendan McDermid
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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
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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