Global money trickles back into most unloved Asian stock markets

Image from Jakarta Post/ANN

MANILA, July 24 (Bloomberg): Foreign funds are showing signs of a return to Asian emerging-market stocks as recent declines in oil prices and the dollar bring some relief.

Overseas investors bought a net US$2 billion of stocks in markets including India, South Korea and Taiwan this week, according to the latest available exchange data compiled by Bloomberg, excluding China. That puts them on course for their biggest weekly purchases since early June.