Foreign investors turn net sellers of Asian bonds in Feb on Covid-19 fears


Foreign investors dumped Asian bonds in February on mounting fears over the economic damage done by the coronavirus pandemic on regional countries. Foreigners sold a net $3.

88 billion worth of regional bonds last month, their largest net selling since April 2018, according to data from regional banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India. "Foreign holders were also concerned about Asia FX weakness, especially currencies most-reliant on exports and tourism. Expectations of lower tax.....

This article is no longer available in our repository.

There could be multiple reasons for this.