In 1H18, Taiwan had been most resilient and the Philippines had performed the worst. Overall, Asian markets fell in 9M18 and only two markets saw positive returns in terms of USD.

Most countries saw their currencies weakening against the USD, the exception being Thailand.

Thailand improved to being the top-performing market in Asia compared to being #7 in 1H18. China saw a large fall in 3Q18 and ranked #8 in Asia versus #2 in 1H18.

Indonesia and the Philippines remained the worst performing markets also in 9M18.