Foreign Investors Pull $23.5 Billion From Asian Equities in September as US Yields Surge
Foreign investors withdrew $23.49 billion from Asian equities in September, the sharpest monthly pullback in recent memory, as rising US Treasury yields, persistent inflation concerns and tighter monetary policy conditions eroded appetite for risk. South Korea and India accounted for the largest outflows, while hedge funds cut exposure amid elevated market uncertainty and a stronger case for holding dollar assets.
