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Asia's investors turn blind eye to risk of Le Pen victory

Look out for signs that eurozone breakup looms

| Europe
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Marine Le Pen, French National Front political party leader and candidate for French 2017 presidential election.   © Reuters

Investors in Asia's emerging economies could be forgiven for downplaying European political risk.

In the month following Britain's shock vote last June to leave the European Union, the main stock market indices of Indonesia, India and Malaysia rose 7%, 3.7% and nearly 2% respectively. By comparison, the Stoxx Europe 600, the eurozone's leading benchmark, slipped 1.5% then.

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