Overseas investors switch to Asian bonds from equities in May

While overseas investors sold Asian
equities in May, they bought the region’s bonds, which were made
more attractive by falling yields and offered some safety amid
worries over the Sino-U.S. trade war, Brexit and a global
economic slowdown.
Foreigners bought a net $4.61 billion of regional bonds after
selling $3.64 billion in April, data from regional banks and
bond market associations in Malaysia, Thailand, Indonesia, South
Korea and India showed.