Asia's cash-rich firms more resilient in this year's equity selloff [Reuters]
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Source: Reuters
Asia's cash-rich firms more resilient in this year's equity selloff | Reuters 4 Min Read (Reuters) - Shares of cash-rich firms in Asia have weathered this year’s sell-off in much better shape than key stock indexes, a Reuters analysis showed, reinforcing views that investments in companies with strong finances safeguard returns during market crises. An analysis of top 200 Asian firms based on their cash and short-term investments showed they outperformed the broader MSCI Asia-ex-Japan index .MIAPJ0000PUS during the market crashes in 2008, 2013 and 2015. So far in 2018, their shares have fallen just 5 percent on average, compared with the MSCI Asia-ex-Japan index’s fall of 14.5 percent. GRAPHIC: Asia's cash rich firms - tmsnrt.rs/2PzDlNH With U.S. interest rates slowly but steadily rising, companies with higher debt burdens are likely to face more pressure and hence investments in cash-rich firms could be safer bets, analysts said. “In times like this, I think the focus of investors m
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