Seeking Alpha

Southeast Asia rallies ahead of Fed meeting

  • Thai (THD, TF, TTF) and Indonesian (IDX, EIDO, IDXJ) shares rebound from multi-month lows, rising 0.7% and 1.4%, respectively.
  • Also rallying today are Philippine shares (EPHE), up 2% in Manila.
  • Southeast Asian investors will be watching the Fed closely for hints about the taper, as many commentators still believe emerging markets will suffer once the FOMC begins to pare its asset purchases.
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