The favorable economic situation has contributed to the return of many investors to the markets of Southeast Asia since the beginning of 2018, Reuters reports.
After the global economic turmoil, investors began to invest in shares of companies in such Asian countries as Indonesia, the Philippines, Thailand, and Vietnam.
The position of the US Federal Reserve, which made a favorable prediction on interest rates, as previously many markets suffered from the growth of the US dollar, had a significant role.
Another factor was the development of local infrastructure, especially in Indonesia, where the road network is developing. Besides, the weakening of the trade confrontation between the US and China has a significant impact on the economy.
In 2019, foreigners have already purchased shares of Indonesian companies in the amount of $1 billion. The Philippine stock market grew by 8.5%.