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

Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed that foreigners purchased a net $8.8 billion worth of regional equities in January. They had sold $57.2 billion in regional equities last year.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.

Taiwan and South Korea witnessed their biggest monthly purchases in at least two years, with net inflows amounting to about $6.6 billion and $5 billion, respectively. "Brewing expectations of an impending end to the Fed's rate-hike cycle are providing some support for rate-sensitive growth sectors," said Yeap Jun Rong, a market strategist at IG.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian Stock Market: Mildly offered on Fed’s hawkish guidance, oil approaches $78.00Markets in the Asian domain are witnessing a sell-off as hawkish interest rate guidance by Federal Reserve (Fed) chair Jerome Powell has escalated fea
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Asian Stock Market: Displays mixed response as Fed favors more hikes, oil rally halts around $78.50Markets in the Asian domain are demonstrating mixed responses as S&P500 witnessed a sell-off on Wednesday, eased the majority of gains earned in Tuesd
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »