Risky Frontier Stock Markets Are Beating Everybody Else in Asia
- Pakistan, Sri Lanka, Laos are top performing gauges in Asia
- Bangladesh, Vietnam also poised for a rally: Asia Frontier
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The eye-popping gains in some Asian equity minnows this year may broaden out to include larger frontier peers, as improving macroeconomic conditions bode well for earnings.
The equity benchmarks of Pakistan, Laos and Sri Lanka are the biggest gainers in the region in 2023. A loan deal with the International Monetary Fund has helped spark a rally of more than 60% in the KSE-100 Index this year, while easing interest rates are supporting a 28% surge in the Colombo All-Share Index.