NewsFeeder
11-06-2013, 02:19 AM
Domestic share-buyers help Southeast Asia markets cope with outflows
[Reuters] - Domestic investors are becoming bigger players in Southeast Asian stock markets, thanks to active state-owned funds and rising wealth, helping the region's markets cope with the kind of foreign outflows they've had this year. While foreign investors have been net sellers of Southeast Asian shares since May when the prospect of the U.S. Federal Reserve ending its ultra-loose monetary policy first roiled markets, domestic investors have been picking up the slack. Between May and August, foreign investors pulled about $3.2 billion out of Thai shares, $2.5 billion out of Indonesian equities and $127 million out of Philippines stocks, Thomson Reuters data shows. Buying by domestic investors has helped some regional other markets recoup much of their losses.
http://us.rd.yahoo.com/finance/news/rss/story/*http://sg.finance.yahoo.com/news/domestic-share-buyers-help-southeast-071342120.html
[Reuters] - Domestic investors are becoming bigger players in Southeast Asian stock markets, thanks to active state-owned funds and rising wealth, helping the region's markets cope with the kind of foreign outflows they've had this year. While foreign investors have been net sellers of Southeast Asian shares since May when the prospect of the U.S. Federal Reserve ending its ultra-loose monetary policy first roiled markets, domestic investors have been picking up the slack. Between May and August, foreign investors pulled about $3.2 billion out of Thai shares, $2.5 billion out of Indonesian equities and $127 million out of Philippines stocks, Thomson Reuters data shows. Buying by domestic investors has helped some regional other markets recoup much of their losses.
http://us.rd.yahoo.com/finance/news/rss/story/*http://sg.finance.yahoo.com/news/domestic-share-buyers-help-southeast-071342120.html