[SINGAPORE] South-east Asia’s stock markets have had a mixed year. After sell-offs triggered by US tariffs hit the region’s top five markets in April, some rebounded strongly while others have yet to regain their footing. The Business Times looks at how the region’s equities markets have performed this year – told through four charts.
Riding the momentum of a market upgrade by FTSE Russell to Secondary Emerging Market status, the Vietnamese stock market (VNX) – comprising the flagship Ho Chi Minh Stock Exchange and the small-to-mid-cap oriented Hanoi Stock Exchange – has topped returns among the Asean markets.
However, further upside on the benchmark VN-index’s (VNI) 33 per cent surge this year may be limited by structural roadblocks, including a shallow pipeline for new listings.