Small Markets Steal Limelight as Global Equities Rally Broadens
- Thailand, Singapore among world’s best performers this month
- Markets that sat out this year’s global run are back in focus
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After being sidelined by investors for much of this year, some smaller equity markets are suddenly winning favor.
The trend is particularly evident in Asia, where Thailand, Singapore and New Zealand rank as the top performers in September. Their benchmarks have risen at least 3% each so far, even as MSCI Inc.’s gauge of global stocks has fallen about 1% following a four-month winning streak.