RIO DE JANEIRO, BRAZIL - When it comes to US-China tensions, losses in Asia have been converted into gains for Latin America.
Index funds listed in the US that invest in Asian bonds and stocks recorded net sales of US$1.4 (R$6.4) billion in the two weeks through May 29th, extending a period of declines that began in February.
The worsening relationship between the world’s two biggest economies is driving capital out of Asia into nations such as Brazil and Mexico, where the March rout has left stock prices too low to ignore. Investors are now . . .