Five Things You Need to Know to Start Your Day: Asia
China stops publishing key economic data. Singapore’s PM announces new handouts. Thailand’s key stimulus policy faces scrutiny. Here’s what you need to know today.
China may see its first yearly outflow from equities in 2024 — but if and when it happens, investors won’t know. That’s because the country’s stock exchanges will stop releasing daily data on overseas fund flows starting today, depriving investors of a key sentiment indicator to track the $8.3 trillion market. The change, first hinted at in April, comes as foreign funds have steadily withdrawn from the market, taking the year-to-date tally to negative as of Friday. Analysts saw the move as another effort by authorities to prop up the market.