South-east Asia stocks' time to shine has finally arrived

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[HONG KONG] South-east Asian stocks, hit particularly hard by the shutdown of tourism and other service industries, are making a comeback as optimism grows over a return to travel. Read more at The Business Times.

ASEAN ACTIVITY

"Activity in Asean has picked up considerably since the trough, as indicated by manufacturing PMIs and mobility," Mr Joshi wrote in a Tuesday note. With about a third of companies having reported earnings so far, 60 per cent have met or exceeded expectations, a higher proportion than the first two quarters of the year, he said.

 

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