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Myanmar stocks surge on hope of foreign funding

Key index up 10% in August after decision to open doors to overseas investors

Myanmar's Securities and Exchange Commission would allow foreign investors to hold up to 35% of each company listed on the YSX. (Photo by Ryushiro Kodaira)

BANGKOK -- Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies.

The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors are also mulling how they could benefit from the expected boom.

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