Sunday, 17 April 2016
NEW DELHI: Offshore investment stayed on an upward trajectory in select emerging markets like India and Indonesia, which attracted weekly inflows of $313 million and $234 million respectively, an HSBC report says.
According to the global financial services major, offshore investment spurted most for local bonds in Indonesia and India while Korean government bonds recorded a second consecutive week of outflows.
"According to the latest weekly data, offshore investment rose most for local bonds in Indonesia and India which attracted weekly inflows of $ 313 million and $234 million, respectively," HSBC said in a research note.
In contrast, foreign investments into Korea local bonds slightly fell during the week in the run-up to the final results of the legislative elections on April 14.
Meanwhile, Japanese retail investors have increased their holdings of international bonds in March, ..