Foreigners pull out of Asian equities for fifth straight month in May
Updated: 02 Jun 2022, 03:53 PM IST
TL;DR.Overseas investors withdrew $3.69 billion out of Asian equities, data from stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia and Thailand showed. However, the outflows were the smallest in the last five months.
The Nasdaq MarketSite in the Times Square neighborhood of New York, U.S., on Tuesday, May 31, 2022. The S&P 500�defied�bear market status just over a week ago and is set to finish May roughly where it started. Photographer: Michael Nagle/Bloomberg