Energy Nations Better Watch Out as Saudis Open Stock Market
Saudi Arabia on the Cusp of a Game Changer: Das
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Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia.
As Saudi Arabia lifts a ban on direct investments by foreigners, fund allocators are preparing to shift money out of other countries and put it to work in the Arab world’s largest stock market. While there’s little consensus on which country will be the biggest loser, money managers mostly agree that energy producers will feel the heaviest effects.