Foreign investors withdrew $26.3 billion from emerging market stocks and bonds in September, marking the first monthly outflow since June, as a hawkish U.S. Federal Reserve pushed bond yields and the dollar higher, according to an Institute of International Finance (IIF) on Wednesday, Reuters reported.
Foreign investors pulled $7 billion from emerging market fixed-income assets during the month, the first net outflow from the asset class since March, when escalating tensions in the Middle East unsettled global financial markets.
