Few of the Asian markets have zoomed by nearly 60% to 100% in the last eight months, thanks to the resilience of Australia, China and India. All these three countries, especially China and India, have been able to ensure healthy GDP growth even on the back of falling, rather crashing, exports to US and Europe.
Now, Australia has raised the bank rates on signs of strong economic recovery. The other two Asian countries are expected to follow suit in the coming weeks. And all these have lead to foreign funds pouring in billions of dollars into these markets. The foreign fund flow is expected to increase further in the coming months, as bond values will become attractive in these countries.