There is growing optimism among traders and Wall Street analysts about Asian stocks this year.

‍In 2022, the MSCI India index rose 1.6%, while the comparable benchmark for China declined by 22%. While China's economy was struggling with the economic impact of its zero-Covid policy and a sharp slowdown in the property sector, India's economy performed well as the pandemic eased.‍

U.S. stocks are climbing in 2023, and shares of companies abroad are performing even better.

The FTSE 100 Index rose by 0.6% on Wednesday morning in London, taking its year-to-date increase to 3.9%. The index is now just 1.7% away from its 2018 record high. Global shares have been lifted by hopes that cooling inflation will encourage central banks to slow interest rate increases, while China’s reopening has boosted sentiment.

After years of watching China's economy take a beating from Covid Zero and moves to rein in the property and tech sectors, investors are suddenly optimistic that the worst is over.