scorecardresearchTraders Find Haven From Global Stock Gloom in Southeast Asia

Traders Find Haven From Global Stock Gloom in Southeast Asia

Updated: 04 Sep 2022, 08:52 AM IST
TL;DR.
Man Group Plc, BNP Paribas SA and Credit Suisse Group AG are among those touting the region’s resilience after commentary at Jackson Hole reignited a worldwide selloff over the past week. The benchmark MSCI Asean Index has fared much better than the broader MSCI Asia Pacific Index and is set to outperform a gauge of global stocks for a third straight quarter.
Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 2, 2022. Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. (AP Photo/Ahn Young-joon)

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 2, 2022. Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. (AP Photo/Ahn Young-joon)