The resilience displayed by Southeast Asian stocks contrasts sharply with North Asian peers, which are susceptible to trade and dependent on China. © Illustration by Michael Tsang

ASEAN stocks calm investors despite turmoil in other regions

Emerging markets rebound as economies reopen, but China still weighs on Asia

TSUBASA SURUGA, Nikkei staff writer

October 3, 2022 06:00 JST

SINGAPORE -- Southeast Asian stocks are giving investors some respite as regional economies reopen after the easing of COVID curbs, bucking a global downturn this year.

Equities have been solid compared to those in North Asia, with rising consumption led by tourism and related industries, which comprise over 10% of the Association of Southeast Asian Nations' gross domestic product.