Asia stock stars may see more tailwinds even as world tightens

JAKARTA, May 8 (Bloomberg): Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that South-East 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.