Global funds are piling back into Asian stocks as the attraction of soaring currencies and resilient earnings offsets concern that higher US tariffs will sap the region’s economic growth.
Investors have been net buyers of equities in Asian emerging-markets excluding China for three straight weeks, the longest such streak in more than a year. The MSCI gauge of regional stocks outside Japan has rallied almost 16% over the past month, while an index of global shares has risen only about half that amount.