India and Singapore offer Asia’s best chance for a “December rally” in stocks while Indonesia may post the strongest gain, Macquarie Group said, citing the region’s historical returns.

 

Indian and Singapore shares have advanced in December 87.5% and 80% of the time, Macquarie analysts Daniel McCormack and Henry Hon wrote in a report dated yesterday. They also said Indonesia has yielded an average 7.9% during the last month of the year, the most among 10 Asian markets.