Economics
Southeast Asian Stocks Look Set for a Better Year in 2019
- Equities look cheap and ‘we’re upbeat’ on 2019: SCB Asset
- Slowing growth, trade-war escalation are the major risks
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With an improving global macroeconomic backdrop and relatively cheap valuations after a torrid 2018, the omens are looking better for Southeast Asian stocks next year.
A likely pause in the Federal Reserve’s tightening cycle is already easing pressure on regional currencies, while lower oil prices are a boon for most markets. A continuation of those trends could suck back in some of the $14 billion of foreign money that’s gushed out of Asean stocks this year.