Earnings estimates across corporate Asia are gaining ground on European and even American companies.  This is a welcome sign especially compared to the US with its well publicized solid fundamentals.  Beyond the headlines stemming from social unrest in Hong Kong, many of the region’s stock markets exhibit favorable valuations and may attract investors pursuing stronger growth that is difficult to find in Europe at the moment.  Also, with US equities continuing to hit all-time highs, investors may opportunistically rotate into this part of the world until American indices consolidate. [chart source Bloomberg LP © 2020]