China's economic influence continues to have far-reaching effects on global markets, with the latest beneficiary being Southeast Asia's stock markets. A significant surge in the Star 50 index, which tracks the performance of Malaysia's top 50 stocks, has been attributed to increased support from Beijing. This year alone, the index has seen a remarkable 29% gain, a remarkable turnaround that has left investors and analysts alike taking notice. As China's economy continues to recover from the pandemic and trade tensions with the US ease, it appears that Southeast Asian markets are poised to reap the benefits of Beijing's renewed economic ambitions.
Support from Beijing has helped power 29% gain for Star 50 index this year
