In the minds of European or North American tourists, Malaysia and Indonesia may not appear all that different.

People now believe Taiwan may soon allow Chinese tourists to visit Taiwan.

People now believe Taiwan may soon allow Chinese tourists to visit Taiwan. And that's positive for the stock market. Taiwan shares, which lagged Asian stocks, are finally playing catch-up.

I don't see these political events having that much impact.

The whole region is likely to be hit by tourist cancellations, undermining growth to some degree in Q4 (the October-December period).

The whole region is likely to be hit by tourist cancellations, undermining growth to some degree in Q4 (the October-December period),