Foreign investors betting on South-East Asia equities
They are convinced the Asean stock rally is sustainable and have pumped US$596m into the markets so far in June
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Singapore
SOUTH-EAST Asian stocks are winning fans again, with investors betting that a rally that's driven equities from Bangkok to Manila to the highest levels since the middle of 2015 has room to run.
Foreign investors have pumped US$596 million into Philippine, Thai, Indonesian and Vietnamese shares so far in June, wiping out declines in April and early May. Rising commodity prices and dwindling odds of a US rate increase by July are providing a favourable global backdrop, while new leaders, interest-rate cuts and state spending are generating optimism closer to home.
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