For years Asian economies followed what US markets did, but after a period of deleveraging the region is becoming far more independent
Time was when many Asian investors came to work in the morning, digested what US markets had done, and did the same. Headlines like 'Asia rallies in sync with US'' or 'Dow's plunge hits Asian shares'' were the norm. That pattern may be changing. Japan's Nikkei 225 stock average remains a prisoner of US trends, but most bourses outside Asia's largest economy have outperformed the Standard & Poor's 500 index since September. It's the latest reminder that Asian markets are forging their own paths independent of the US 'Non-Japan Asia, after a prolonged period of deleveraging, is now less d...
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