Asian stock markets see foreign outflows

By Reuters

Jun 08, 2024 12:34 am

EMERGING Asian equity markets faced a second month of foreign outflows in May as robust US economic data fueled skepticism over Federal Reserve (Fed) rate cuts.

Data from stock exchanges in India, Indonesia, Vietnam, Thailand, South Korea, the Philippines and Taiwan revealed that overseas investors withdrew a net $3.58 billion out of regional equities last month, following a $4.92 billion worth of net selling in April.

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