Asian stocks draw massive foreign inflows on softer dollar, growth optimism

Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes and as the dollar weakened against regional currencies.

Also, China's decision to reopen its borders fuelled hopes that the region's factory activity and exports would be more potent this year, aiding their profits. Indian equities witnessed $3.52 billion worth of outflows due to higher valuations and the fallout from the slump in Adani Group stocks.

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Emerging market funds see big inflows in January on China reopeningEmerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China's reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and
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