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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.

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