In emerging Asia ex. China and Malaysia, yesterday’s net foreign buying of $0.8 billion turned out to be the single biggest day for net foreign buying since April 2014, notes Credit Suisse. Sakthi Siva and King Nang Chik said in their “APAC Equity Strategy” report that they continue to be Overweight the cheapest four markets: MSCI China, Korea, Taiwan and Singapore.
Yesterday’s relief buying in APAC after substantial selling by foreigners
Siva and Chik term it “a pleasant surprise” when net foreign buying of $789 million was logged in Emerging Asia ex. China and Malaysia on Sept. 16, after the net foreign selling over the past four months. The analysts point out that yesterday logged net foreign buying of $470 million in Setup a free account to get access to this article (no credit card required).Login required to continue reading.
