ASIAN equities witnessed massive foreign outflows in August, as risk sentiment was dented by worries over the longevity of the U.S. Federal Reserve's policy tightening cycle and a slowdown in the economic momentum of China.
Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed that foreigners had offloaded a net $4.74 billion of equities in August, the biggest amount since September 2022.
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