The exchanges in the Southeast Asia & Oceania region are located in the countries of Australia, Cambodia, Fiji, Indonesia, Laos, Malaysia, Myanmar, New Zealand, Papua New Guinea, Philippines, Singapore, Thailand and Vietnam.
In recent years, Southeast Asia & Oceania have been rapidly transforming from a developing region to one of global economic growth.
The regions highest ranked gross domestic product (GDP) in 2016 was Australia (14th globally) with a GDP of $1.2 trillion. Ranked upon Purchasing Power Parity (PPP), Indonesia (8th) led the region with a PPP of $3.0 trillion.
After the Asian crisis in the 1990s, the region reacted and began to address inefficiencies, such as decreasing reliance on foreign bank financing, in favor of funding through capital markets. It was recognized that liquid financial markets would be the foundation for future sustainable economic growth in Southeast Asia & Oceania.
Now, economies are experiencing sustainable growth supported by better resources, stronger balance sheets and a younger workforce. As these economies grow and become more sophisticated, their financial markets will further expand, opening up more opportunities.
A number of exchanges located in Southeast Asia & Oceania are part of the Association of Southeast Asia Nations (ASEAN), which is a collaboration of 7 exchanges from Malaysia, Vietnam (2 exchanges), Indonesia, the Philippines, Thailand and Singapore. It was formed to promote the growth of the ASEAN capital markets by bringing more ASEAN investment opportunities to more investors.
The majority of exchanges in Southeast Asia & Oceania are relatively young but the oldest major exchange may be the Bursa Malaysia, which dates back to 1818 when it was initially established as the Kuala Lumpur Stock Exchange.
Other older exchanges include the Indonesia Stock Exchange (1912), Philippine Stock Exchange (1927) and the National Stock Exchange of Australia (1937), all of which were established in the early part of the 20th century.
The largest exchange in Southeast Asia & Oceania is the Australian Securities Exchange (ASX), which finished 2016 with a market capitalization of $1.3 trillion.
Other large exchanges in Southeast Asia & Oceania include the Singapore Exchange ($640b), The Stock Exchange of Thailand ($433b), Indonesia Stock Exchange ($426b), Bursa Malaysia ($360b) and the Philippine Stock Exchange ($240b).