Goldman probe may boost China, India bank stocks

Asian financial equities to continue to outperform

SINGAPORE - Bank shares in countries such as China and India, which have outperformed global rivals by about 30 percentage points since the "Lehman shock", may extend their advantage amid fraud probes of Goldman Sachs Group Inc.

The Chart of the Day shows MSCI Morgan Stanley Capital International's (MSCI's) financials indexes for emerging-markets in Asia and worldwide starting from Sept 15, 2008, when Lehman Brothers Holdings Inc filed for bankruptcy. The bottom panel compares the gauges' weighted estimated earnings, based on data compiled by Bloomberg.