Emerging Asia is a sea of green this morning with Thailand, Philippines, Hong Kong H-shares, Indonesia and Vietnam up half a percent, Korea up 0.75%, and India up nearly 2%. Banks, insurers and asset managers continue to lead H-shares after China announced the opening of its $9 trillion bond market to foreign investors. The Nifty is at a new record on optimism about Prime Minister Modi’s economic plans following his party’s election victory in Uttar Pradesh.
The Fed doesn’t matter any more
Asian stocks saw gains across the board on Monday. Financials led H-shares after China announced opening its bond market to foreign investors