Race for 2022’s Top Stock Market Goes Down to Final Trading Day
- India, Indonesia and Singapore gauges are up over 3% this year
- Markets may lose steam into 2023 as North Asia gains appeal
Indian stocks attracted nearly $6 billion from international investors this quarter, according to Bloomberg-compiled data.
Photographer: Atul Loke/BloombergThis article is for subscribers only.
Three equity markets in Asia are competing to become the biggest gainers in the world this year, even as a stronger dollar hurt the appeal of the region.
Measures for Indonesia, India and Singapore are closing on Brazil’s Ibovespa Index, which has climbed 5.2% in local currency terms, according to data of major stock benchmarks compiled by Bloomberg. The Asian gauges are up at least 3.5% each, which means a single-day gain could make up the difference. The rankings are mostly similar in dollar terms although the gains differ.