News Snapshot:
Mounting geopolitical threats in the Asia-Pacific region have beefed up the defense budget of countries around the world — and AllianceBernstein has named its overweight-rated stocks to play the theme. "The epicenter of global defense and security has been moving toward Asia Pacific (APAC) in recent years, prompting [the] U.S. and major European nations to gradually shift their security focus eastward," analysts at the asset management firm wrote in a Nov. 27 note to investors. "The rising geopolitical threats in APAC has been a driver of military spending for the Western nations. In addition, APAC countries have become more important...
