Commodities boom, tourism hopes fuel South-east Asia stock rally, Companies & Markets News & Top Stories


Source: straitstimes.com straitstimes.com

Key Topics in this News Article:

News Snapshot:

BANGKOK (BLOOMBERG) - South-east Asian stocks are on a tear this month, outperforming the rest of the region in a rally that's being fueled by rising commodity prices and economic reopening from the Covid-19 pandemic. Investors expect further gains this year, with Thailand cited as a key beneficiary from a rebound in tourism and Indonesia a winner thanks to its huge natural resources sector. While stocks from Tokyo to Seoul and Taipei are all down in October, an index of shares of Asean nations has jumped about 4.5 per cent. As global funds stream back into these equity markets, currencies...