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Bangkok Post
Bangkok Post
Business

Foreign outflows from emerging Asian equities exceed 2008 outgo

A woman walks past a large screen showing the trading numbers on the Indonesia Stock Exchange in Jakarta on March 9, 2020. (AFP file photo)

Foreigners resumed selling in Asian equities ex-China stocks in September - including $653 million's worth from Thailand - as investors were deterred by US interest rate hikes, a firmer greenback and a weaker regional growth outlook.

Data from stock exchanges in South Korea, India, Taiwan, the Philippines, Vietnam, Indonesia, and Thailand showed that foreigners sold equities worth a net $8.83 billion last month - their first monthly selling since June.

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