Emerging Asian equities ex-China saw massive foreign purchases in August due to a rise in risk appetite based on tempered inflation expectations.
Data from stock exchanges in South Korea, India, Taiwan, the Philippines, Vietnam, Indonesia and Thailand showed that foreigners had bought equities worth a net $7.54 billion, marking their biggest monthly net buying since December 2020.
Despite the net foreign purchasing of the past two months, regional equities have seen foreign outflows of more than $60 billion so far this year.
