FOREIGN investors significantly reduced their holdings in Asian bonds last month, as traders reassessed their expectations of a U.S. Federal Reserve rate cut amid persistent inflationary pressures. Additionally, caution over national elections in South Korea and India also affected capital flows into the region. Foreign investors offloaded last month a net$ 4.7 billion worth of bonds in South Korea, Indonesia, Thailand, Malaysia, and India, breaking a four-month-long purchasing streak, data from
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2024-04-16 00:00:00.0