The AIA tracks the 50 largest Asian equities. As you can see it's been moving steadily to the upside after the disastrous inception of COVID-19 in March-April.
It's sobering to compare this chart to the S&P, and especially the UK's FTSE 100 - it's clear to see that the AIA is a much safer bet at the present time.
Resistance has been flipped to support, and if...
AIA is an ETF that acts as an S&P equivalent for certain Asia markets.
It is made up of 58 equities. Tencent makes up 14%. Samsung 10%. Taiwan Semiconductor is 3rd.
Fund also holds healthcare, real estate and energy stocks.