Fitch Ratings: Increasing credit risk to stifle APAC technology recovery

Ross J Burland FXStreet

Fitch Ratings says increasing credit risk to stifle APAC technology recovery.

Key notes

Escalating trade tension and pandemic challenges are key risks.
Asia-Pacific (APAC) technology sector.
Expect APAC technology recovery to be uneven across sector in 2021, with a full recovery to pre-pandemic levels only in 2022.

Market implications

There is particular attention being paid to cried conditions and Wall Street will be a significant market focus today:

S&P 500 Index Forecast: Bank's earnings in focus, COVID-19 induced insolvency fears simmer away

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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