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Southeast Asia stock markets stand out as geopolitical heaven for investors

A computer monitor displays passengers’ body temperatures and face masks as they walk through a screening checkpoint at Suvarnabhumi airport on April 29, 2022. Thailand eases travel restrictions to shore up the tourism industry. (Photo: Nutthawat Wicheanbut)

Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now.

Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break out of a three-year relative downtrend versus its global peer. Foreign funds have been net buying Southeast Asia shares…

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