Southeast Asia bolstered by consumption increase

Southeast Asia looks set to outperform other emerging markets over the near term as the region is bolstered by rising consumption and avoids political strife. While ongoing political uncertainty in Brazil and Turkey has led to concerns over the short to medium-term outlook for Latin America and emerging Europe, Southeast Asia has eased out of a second-quarter dip caused by fears of a prolonged US recession. Fears of a further breakdown in Sino-Taiwanese relations proved unfounded as Taiwan's president distanced himself from calls for a referendum on declaring independence from the P...