THE recent outbreak of a second wave of coronavirus clusters in Asia have given so-called "stay-at-home” stocks a fresh leg higher.
A Bloomberg-compiled basket of shares including video games, internet services and health care names has jumped about 10% so far this month, well ahead of the near 4% rise in the MSCI Asia Pacific Index. That has extended the group’s outperformance over the benchmark to almost 30% since Asian markets started their coronavirus sell-off in mid-January.
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