NEW DELHI: Indian equities stood out in August as foreign investors sold stocks in almost every other Asian emerging market, thanks to the nation’s strong corporate earnings performance and its growing appeal as an alternative to China.
Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug. 30, according to the latest exchange data compiled by Bloomberg. That’s even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia. With a small $35 million inflow through Aug. 24, Malaysia was the only other exception.
