Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve's tightening cycle might be ending, a shift from last year's policy that caused big outflows from riskier assets.Top central banks raised interest rates again last month despite coo
Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve's tightening cycle might be ending, a shift from last year's policy that caused big outflows from riskier assets.
Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed foreigners purchased a net $3.48 billion of equities in July, the fourth successive month of inflows since April. In India, foreigners remained net buyers for a fifth straight month in July, pumping $5.68 billion into the local equity markets and clocking an all-time high, thanks to strong earnings in recent quarters.
South Korea, the Philippines and Indonesia received about $627 million, $333 million, and $181 million worth of inflows, respectively.
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