Strategists Bet on Asia to Outperform US Stocks, Survey Finds

Asian stocks are poised to outperform US counterparts in the current quarter on attractive valuations and earnings prospects, according to a Bloomberg survey.

The MSCI Asia Pacific Index has climbed about 22% this year, outpacing the S&P 500’s 14% advance, on track for the first outperformance of the US gauge since 2022. In a late-September informal survey of 15 strategists and fund managers, more than two-thirds said they expect this outperformance to continue.

Respondents pointed to a range of risks for Wall Street, including lofty valuations, a rally concentrated in a handful of megacaps, and potential tariff-related downturns. This shift ...