Foreign investors cut Asian bond exposure in August
Foreign investors sold Asian bonds in August for the first time in five months, with a global bond selloff and expectations of further monetary tightening weighing on regional debt appetite. They sold South Korea, Malaysia, India and Indonesia; net selling totaled $457 million in South Korea.
Foreign investors sold Asian bonds in August for the first time in five months, with a global bond selloff and expectations of further monetary tightening in major economies weighing on demand for regional debt. Foreigners recorded net sales of $457 million of bonds in South Korea, Malaysia, India and Indon…