ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

Investors flock to ASEAN currencies and stocks as economies reboot

After delayed recovery, region's growth seen outpacing China next year

A plane arrives at the resort island of Phuket, Thailand, in July. Travel restrictions have eased in Southeast Asia as COVID-19 infection rates decline, buoying prospects of a recovery in the region.   © Reuters

SINGAPORE/TOKYO -- Southeast Asia's financial markets are attracting an influx of investor funds as the region commences a long-awaited economic reopening.

The Malaysian ringgit surged to the 4.13-per-dollar range on Friday, strengthening to a level not seen since Sept. 10. In mid-October, the Indonesian rupiah approached 14,000 per dollar, touching an eight-month high.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more