While Asian markets fell sharply on Monday on fears about a second wave of coronavirus infections, some analysts said most countries in the region were equipped to handle another outbreak. Malaysia, China, Korea, Taiwan, Hong Kong, and Thailand have been able to keep any resurgence in daily cases to a manageable range, Morgan Stanley said in a note.
INDIAN bonds faced sharp foreign outflows in May on worries about rising domestic coronavirus infections, while other Asian fixed income markets attracted inflows on hopes for a swift economic recovery as countries eased lockdowns.
Last month, foreigners sold a net $3.04 billion worth of Indian bonds while they bought a combined net total of $3.12 billion worth of South Korean, Malaysian and Indonesian bonds, data from regional banks and bond market associations showed.
Limited time offer:
Just RM5 per month.
