Foreign Investors Withdraw $27 Billion from Emerging Markets in May, Impacting Asian Equities
In May, foreign investors withdrew nearly $27 billion from emerging market portfolios, reversing a rebound seen in April. This withdrawal was primarily driven by equity selling in Asia, with South Korea, India, and Brazil experiencing significant outflows. According to the Institute of International Finance, non-resident investors pulled $37 billion from emerging market stocks, while debt markets saw a net inflow of $10.4 billion. Despite these outflows, Chinese stocks attracted a net $8.1 billion, diverging from the broader Asian trend. Overall, emerging stocks and bonds have seen $132.5 billion of net inflows since the start of the year. 
