Asian stocks resistant to global slowdown

After falling as much as 20% in US dollar terms just over a month ago, the markets of Asia ex-Japan have staged an unprecedented rebound, reclaiming their all-time highs in a record five weeks. Given investors' concerns about the potential for a US-driven global slowdown, how can Asian stocks be setting new highs? It appears investors have begun to look at Asian markets, and emerging markets in general, in an entirely new way. We believe they are right in doing so. Most investors are aware that Asia ex-Japan is growing twice as fast as the rest of the world. Many also know the region...