COVID-19 thwarts Myanmar’s move to open stock market to foreigners

COVID-19 thwarts Myanmar’s move to open stock market to foreigners

A boy reads a newspaper in front of the Yangon Stock Exchange center in Yangon December 8, 2015. REUTERS/Soe Zeya Tun

The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors.

Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners.

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