So says Bloomie:
The global shift to value from growth is playing out in Australian shares in force and could help the nation’s benchmark stock index close the gap with regional peers, according to analysts.
The recent surge in domestic value stocks is stronger than in the U.S. in part because the major banks have climbed to a three-month high amid growing optimism surrounding the economy. Australia is primed for a value comeback after becoming one of Asia’s biggest underdogs since the coronavirus outbreak started, Jefferies Group LLC said.
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