Constitutional Crisis – close to $ 100mn flees stock/bond markets last week

[monson]

November 4, 2018 (LBO) – In the first full week of Sri Lanka’s constitutional crisis, foreign investors in Sri Lanka’s capital markets ran for the exits with nearly US$100mn leaving the stock/bond markets during the past week.

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Sri Lanka’s constitutional crisis has come at a terrible time for the Sri Lankan markets, with outflows globally from emerging markets and Sri Lanka sovereign bond maturities coming up.


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Main impact of #SriLanka political crisis is on the budget, IMF program, plus heading into next year there's a lot of debt needs to be rolled over; 'this is extremely bad timing for Sri Lanka,' says Kenneth Akintewe @ASInvestmentsUK #$LKR #EmergingMarkets #lka

- http://www.lankabusinessonline.com/...-to-100mn-flees-stock-bond-markets-last-week/