Asia ex-China equities have biggest monthly foreign outflow in nearly 2-1/2 years

Asian equities, excluding China, witnessed sharp foreign outflows in October, as investors wary of the U.S. presidential election outcome reacted to concerns over weaker-than-expected corporate earnings, overvalued stocks and rising bond yields. According to LSEG data, foreigners offloaded a robust $15.38 billion worth of stocks in India, South Korea, Thailand, Taiwan, Indonesia, Vietnam and the Philippines, registering their largest monthly net sales since June 2022.Read More