Mongolia stock market turns heads with 133% gain

ULAANBAATAR -- Mongolia has long been a force on the world's resource markets, due to its ample deposits of coal, copper and gold. These days, though, it is the country's stock market that is turning heads.

The MSE Top 20 Index, the national benchmark, soared 132.7% last year, by far the world's best performance, as the Mongolia Stock Exchange, set up shortly after the end of one-party communist rule, marked its 30th anniversary.