Under the Radar: 5 Stocks Riding Asia's Next Growth Wave

Most American investors have a fairly limited map of Asia. They know Japan because Japanese stocks have finally awakened after several lost decades. They know China because it generates a steady supply of enormous opportunities, political headaches, and alarming headlines. Beyond those two markets, things get fuzzy. That is unfortunate because some of the most interesting economic changes in the world are taking place across South Korea, Taiwan, India, and Southeast Asia. The five stocks we are looking at today do not fit neatly into a pure Asia-excluding-China category. Three are based in China or Hong Kong. However, the opportunity extends well beyond the Chinese domestic economy. These companies are selling vehicles, engines, displays, semiconductors, and electronic components across Asia and into global markets. The better description is Asia beyond Japan. Wall Street spends most...