Among the major equity indexes in Asia, eight have climbed to records in the first four months alone. Today, Singapore’s Straits Times Index nudged higher, boosting this year’s gain to 6.2% in local currency terms, and took the top spot from Vietnam’s VN Index, which plunged 2%. Meanwhile, Vietnam’s benchmark index has been trimming advances after a 43% rise in the past year. The VN Index has fallen 14% from a record high on April 9. Two of the markets which climbed to records this year, the Philippines and Indonesia, are now among the worst performers of 2018. China stock indexes in Shanghai and Shenzhen are down by more than 6% this year.