Asia has suffered a disproportionate number of natural disasters recently, but its equity markets have hardly blinked. The MSCI Asia ex-Japan index has had its best first quarter in several years, up a tidy 13 per cent. That is three times better than the FTSE 100, for example. Net foreign institutional flows into the region’s stock markets, China and Japan excepted, hit $27bn in the first three months, easily reversing the $13bn in outflows seen last year.
亞洲近來頻繁遭遇自然災(zāi)害的襲擊,但該地區(qū)股市幾乎“眼睛都沒眨一下”。今年第一季度,摩根士丹利資本國際不包括日本的亞洲指數(shù)(MSCI Asia ex-Japan index)大漲13%,為數(shù)年來最佳的同期表現(xiàn),比富時100指數(shù)(FTSE 100)漲幅高出3倍。不計中國和日本,今年第一季度外國機構(gòu)流入亞洲股市的資金凈值達到270億美元,輕松扭轉(zhuǎn)了去年凈流出130億美元的局面。