BANGKOK Asia's breakneck economic growth has sent corporate market values soaring across the region. Excluding Japan, Asian companies accounted for 22% of the global $10 billion club as of the end of October, up from just 9% a decade earlier and nearly matching Europe's 24%.
The data clearly shows that the center of economic growth shifted from the developed world to emerging Asia following the global financial crisis that began in 2008. As such, stock investors worldwide have been piling into Asian companies including those in Oceania with strong growth prospects.
