Chart Book | Chart of the day: Asia's best stocks still look bearish

Fewer and fewer of Asia's most investible stocks are flashing buy signals after a two-month pullback from the cusp of a record high. The MSCI Asia Apex 50 Index contains the region's 50 most liquid stocks. In practice, only those listed in Hong Kong, Singapore, South Korea and Taiwan make the grade. Hong Kong and mainland financials are in short-term correction mode, Korean carmakers and steel firm Posco are in severe bear market trends, while Korean financials plumb the bottom of multiyear ranges. There are early signs of a possible rotation into technology hardware in Taiwan, with a new buy signal from MediaTek.