From Bloomberg via Singapore's Business Times, October 2/3:
A STRONG rebound in Chinese stocks is set to trigger a shift in global portfolios as some investors rush to catch the rally.
A wave of money which earlier left Chinese equities in favour of stocks from Japan and South-east Asia is poised to reverse course after Beijing’s latest stimulus blitz, according to market watchers. The shift is already underway: shares in South Korea, Indonesia, Malaysia and Thailand posted net outflows last week while BNP Paribas said over US$20 billion was withdrawn from Japan’s equities in the first three weeks of September.
The nascent rotation may spell the end of a stellar run for Asia ex-China equities, which previously benefited as money managers hunted for better returns outside the world’s second-largest stock market. For much of this year, Taiwan shares got a boost as chipmakers soared while Indian stocks rallied on the back of quickening economic growth. South-east Asia’s markets were lifted by lower US interest rates....
....MUCH MORE
