Southeast Asia stock markets stand out as geopolitical heaven for investorsA computer monitor displays passengers’ body temperatures and face masks as they walk through a screening checkpoint at Suvarnabhumi airport on April 29, 2022. Foreign funds have been net buying Southeast Asia shares every month of this year, with total inflows of US$10 billion so far, Bloomberg-compiled data show. The broader Southeast Asia gauge is on track to outperform the MSCI All Country World Index for a second straight quarter. The impact of any policy tightening will at least seep through to earnings for financial firms, which make up almost 40% of the Southeast Asian benchmark. International investors’ rotating out of China allocations “has indirectly benefited select Southeast Asian markets,” said Sid Choraria, global equities portfolio manager at SC Asia.

Source: Bangkok Post May 08, 2022 04:58 UTC