As appetite for Asia improves, cautious investors leave banks till last

  • Markets
  • Thursday, 7 Mar 2019

SYDNEY/TOKYO: The chances of recession have faded enough for emerging market investors to plough billions of dollars into Asian stock markets, but not enough to buy shares in the region's banks.

After a year-long sell-off, stocks in Asian banks are languishing at multi-year, crisis era lows, even though their lending business should benefit from the Federal Reserve and other central banks easing up on monetary tightening as they switch to a pro-growth stance.