Kuala Lumpur (VNA) - Vietnam was the only market to record net foreign capital inflows into its financial market in the week ending March 13, attracting 46.4 million USD and ending a two-week streak of net selling, according to Malaysia’s MBSB Investment Bank Bhd.
The assessment was highlighted in the bank’s Fund Flow Report, released on March 16 and based on data compiled over the one-week trading period.
The report noted that the inflows came as Vietnamese authorities simultaneously implemented fiscal measures and supply adjustments to stabilise domestic fuel prices amid global oil price volatility. The Government utilised the fuel price stabilisation fund, reduced most-favoured-nation (MFN) import tariffs on certain petrol products and mobilised about 4 million barrels of oil from partners to ensure short-term supply.
Meanwhile, foreign investors extended a four-week streak of net selling across eight Asian markets, with total outflows reaching 16.8 billion USD. Taiwan (China) recorded the largest net foreign outflows in the region at 6.99 billion USD.
In Malaysia, foreign investors also resumed net selling after a week of net purchases./.
