Indonesia’s best start to an earnings season in six years is adding fuel to Asia’s second- biggest stocks rally as forecasters from Credit Suisse Group AG to JPMorgan Chase & Co. predict further gains ahead.
Twitter Inc. and Hilton Worldwide Holdings Inc. helped lead the best year for U.S. initial public offerings since the financial crisis, with strong trading debuts likely to stoke investor demand for new shares in 2014.
Schroders Plc and Baring Asset Management Ltd. are avoiding Singapore stocks, the cheapest in Southeast Asia, as slower economic growth in the region and cuts to Federal Reserve stimulus drive capital outflows.
Westports Holdings Bhd. Executive Chairman G. Gnanalingam has become a billionaire as the main operator at one of Malaysia’s biggest ports sells shares in the country’s largest initial public offering this year.
Southeast Asia’s small-cap stocks are drawing investors including Aberdeen Asset Management Plc and Samsung Asset Management Co. as the region’s economies accelerated even as growth in China and India slowed.