Indonesia, Malaysia Are Outliers as Foreigners Sell Asian Stocks
- Global funds set to be buyers for second month in both markets
- Philippines also gets flows in August as Southeast Asia shines
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Equities in Indonesia and Malaysia are standing out as bright spots in Asia this month as global investors trim their exposure to almost every other market in the region.
Overseas funds have bought $684 million of Indonesian stocks on a net basis in August through Thursday, while putting about $241 million in Malaysian shares. Both markets are poised to see a second straight month of inflows. The Philippines is the only other Asian nation to lure foreign money in August — having drawn about $105 million, data compiled by Bloomberg for 11 regional markets show.