Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed foreigners sold equities worth $57 billion last year, the biggest outflow since 2008.After four straight 75-basis point hikes earlier in 2022, the U.S. Federal Reserve raised its overnight borrowing rate by another 50 basis points in December.
Taiwanese equities faced outflows worth $41.6 billion last year, leading the regional sales, while India and South Korea witnessed an outgo of $15.4 billion and $9.6 billion, respectively.Hit by falling foreign demand and a worsening economic outlook, the MSCI's Asia Pacific indexSome analysts expect more outflows, at least in the first half of the year, as U.S. interest rates are expected to rise further this year.
China has proven totally unreliable. Why would you buy Chinese stocks?