The World Bank, the Asian Development Bank, the Islamic Development Bank and others, are providing support packages worth billions of dollars, to help with financial sector reforms.

Regional improvements in trading platforms, settlement systems and regulatory frameworks should help make Islamic finance more accessible.

Digital assets and physical gold share both have an absence of dividend payments and the concept of finite supply. However, volatility casts one as a safe-haven play, while the other is branded as a risk-on asset, at least for now.

The two large listings are adding to a sense of optimism, in particular in India and Hong Kong, with Taiwan enjoying a record year so far; and occurred before the US Fed cut rates.

The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.

With Indian equities accounting for over 20% of a major MSCI index, active managers may have a choice between raising their holdings in an expensive market or seeing higher tracking errors, as the Chinese market continues to come under pressure.