Asian equities see foreign inflows for first time this year

South Korea, Taiwan, Indonesia, and Vietnam showed a rise in their manufacturing activity in April, helped by a surge in overseas demand for their goods, with developed economies making a fast recovery from the pandemic fallout.

BENGALURU: Overseas investors turned net buyers of Asian equities in April for the first time this year, helped by signs of economic recovery, with the region posting a strong rebound in manufacturing activity and exports.

The inflows, however, were modest as investors maintained a cautious stance amid risks thrown up by the coronavirus pandemic.