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Rising Asian affluence boosts consumer shares

Stocks of consumer discretionary companies have jumped significantly as region's middle class expands


WHEN Samak Srisarakham first came to Bangkok as an 11-year-old with his older brother, he slept in bare-bones communal bedding next to a tennis court. He could barely imagine growing up to a life of fancy restaurants, new clothes and the latest electronics.

Yet 30 years...

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