Thai to Indonesia Stocks Falling Most Since 2001: Southeast Asia

Stocks in Southeast Asia are tumbling at the fastest pace in 12 years relative to global equities, sending the regional benchmark index into a bear market as foreign investors cut holdings for a third month.

The MSCI Southeast Asia Index has dropped 11 percent this month and is down 21 percent from this year’s peak on May 8. The gauge’s August retreat is 9.1 percentage points bigger than that of the MSCI All-Country World Index, the widest gap since April 2001. The Asian measure is valued at 1.8 times net assets, falling below the global index’s multiple of 1.9 for the first time since at least 2009, data compiled by Bloomberg show.

[link to www.bloomberg.com]