Tuesday, 4 September 2012

STOCKS NEWS ASEAN-Thailand, Philippine post August outflows

Thai stocks seemed to be losing traction among

foreign investors, ending August with net foreign outflows of

$68 million, after $10 million inflows in July and combined $650

million outflows in the prior two months, Thomson Reuters data

showed.

Philippine stock market also saw net foreign outflows

of $55 million in August, easing from the $572 million worth of

net foreign inflows in July, data showed.

Foreigners appeared favouring Indonesia as the

market noted inflows of $44 million in August, adding on July's

$483 million inflows, while Vietnam reported $29 million

inflows in August after 4.1 million inflows in July.

The Ho Chi Minh Stock Exchange's VN Index lost 4.5 percent

last month, Southeast Asia's worst performer, as the arrests of

Asia Commercial Bank's executives spurred fears of

banking risks and kept retail investors on the sidelines.

Most Southeast Asian stock markets pulled lower in August,

reflecting rising risk aversion amid concerns over global

economy and Europe's debt problems.

1513 (0813 GMT)

(Reporting by Viparat Jantraprap in Bangkok)

Source: http://news.yahoo.com/stocks-news-asean-thailand-philippine-post-august-outflows-082826599--finance.html

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