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Thai Tourism Stocks Are Looking Good as Trade War Looms

  • Domestic stocks make up bigger portion MSCI Asean Index
  • Low exports to U.S. among reasons to own Asean stocks: Naeimi
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As a U.S.-China trade war threatens to wreak collateral damage on the globally-connected North Asian economies, Southeast Asia’s domestically-focused and relatively cheap stocks are looking more appealing.

“Asean would act as a relative safe haven during a trade war,” said Nader Naeimi, the Sydney-based head of dynamic markets at AMP Capital Investors Ltd., which oversees around $130 billion. More domestic-focused stocks, relatively low exports to the U.S. and a bigger reliance on commodities are the reasons to own Southeast Asian shares at the moment, he said.