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

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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.Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and

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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