In 2022, the world’s major stock indexes have fallen more than risen, and Brazil’s IBOVESPA index ranked first with a 4.69% increase; due to the widespread sell-off of US technology stocks, the Nasdaq index fell by more than 30% for the whole year, reaching 33.10%, leading the decline in the world main stock market.
South and Southeast Asian stocks were among the few bright spots this year for global funds as reopenings from the pandemic and a revival in tourism boosted corporate profits. Inflation has also remained relatively benign in parts of the region and improved current account balances helped reduce the impact from a stronger dollar.
Indian stocks attracted nearly $6 billion from international investors this quarter, according to Bloomberg-compiled data. And while Indonesia posted outflows this month, net inflows still amounted to more than $4.4 billion so far in 2022.
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