Economic TimesLean R·
Emerging market outflows hit $33.8 billion, US midterms offer some relief
October witnessed an alarming withdrawal of $33.8 billion by foreign investors from emerging markets, the largest since March. Almost all of this outflow consisted of equities, severely impacting Taiwan. While Emerging Asia grappled with major losses, Latin America encountered minimal setbacks amid election-related volatility. Additionally, Chinese stocks continued to see foreign sell-offs for the fifth consecutive month.
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