Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now.
Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break out of a three-year relative downtrend versus its global peer. 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.
