Fitch Ratings: Increasing credit risk to stifle APAC technology recovery

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