Traders find haven from global stock gloom in Southeast Asian markets

The growing bullish chorus points to a reopening of Southeast Asia that's bringing back a swarm of tourists, as well as booming domestic demand that's helping shield it from a global slump

As global equities struggle after the Federal Reserve’s latest hawkish rhetoric, Southeast Asia’s growth outlook is making the region an investor favorite.
 

Man Group Plc, BNP Paribas SA and Credit Suisse Group AG are among those touting the region’s resilience after commentary at Jackson Hole reignited a worldwide selloff over the past week. The benchmark MSCI Asean Index has fared much better than the broader MSCI Asia Pacific Index and is set to outperform a gauge of global stocks for a third straight quarter.

The growing bullish chorus points to a reopening of Southeast Asia that’s bringing back a swarm