Foreign investors turned net sellers of Asian equities in September, withdrawing $23.49 billion from regional stock markets as surging US Treasury yields, persistent inflation concerns and tighter monetary policies in developed economies dampened risk appetite, Reuters reported.
The outflows reversed net purchases of about $4.72 billion in August, according to LSEG data covering stock exchanges in South Korea, Taiwan, India, Indonesia, Thailand, Vietnam and the Philippines, Reuters reported.
