TOKYO: Foreign investors are piling money into major Asian equity markets outside of China at the fastest pace in seven years this quarter, as vaccine successes add to the global risk-on mood.
Japan is leading the way with US$27.4 billion, followed by India at US$9.2 billion. South Korea has received US$6.4 billion. Benchmark stock indexes in India and South Korea hit all-time highs this month, while in Japan the Nikkei 225 Stock Average has surged to a 29-year peak amid a rotation into cheap cyclical shares.
“A relatively well-handled pandemic situation across Asia-Pacific may have also boosted investment confidence in the region.”
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