A case is building for Indonesia and India — this year’s leading stock markets in emerging Asia — to maintain their edge.
The Jakarta Composite Index has gained almost 8 per cent so far in 2022, steadily leading the pack throughout the year. India’s NSE Nifty 50 Index has surged 10 per cent in just the past month to be little changed for the year, still bucking the 19 per cent slide in the MSCI EM Asia Index. India and Indonesia are the only two Asian markets with “China insulation” as they have posted a negative return correlation with the MSCI China Index over the past two years based on monthly returns, Goldman Sachs Group Inc. strategists wrote in a note released on August 3.
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Source: FinancialReview - 🏆 2. / 90 Read more »