Patricia Augustin, 19, of Indonesia says she scours the Internet every day for the latest updates on Korean pop music. Paula Lema Aguirre, a high school student from Peru, says she is happiest when she sings Korean songs, especially “It Hurts,” the group 2NE1’s single about teenage love, NYT reports.
As investors chase yields by investing in high growth emerging markets, private equity firm Leopard Capital is looking beyond traditional economic powerhouses like China and India, to less talked about frontier markets including Myanmar, Bangladesh and Cambodia based on their future growth potential.
Japan’s trade deficit surged to a record high in January underscoring the grim outlook for the world’s third largest economy. However, equity strategists believe the weak economic data will compel the Bank of Japan to further expand its asset purchase program, offering a boost to the country’s undervalued stocks.
Chinese stocks have started off 2012 with a bang, and this strategist says that means good things for nearby currencies.