for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Banks

Nearly $3 billion yanked from emerging markets this week: IIF

LONDON (Reuters) - The U.S.-China trade war escalation has seen nearly $3 billion yanked out of emerging market stocks and bonds this week, financial market flow tracker the Institute of International Finance has estimated.

The rising tensions have seen international investors pull a total of $6.8 billion out of developing markets since last Thursday it added, including more than $2 billion from Chinese equities.

“The current reversal looks similar to the ‘trade tantrum’ experienced in May of this year,” the IIF said.

Reporting by Marc Jones, editing by Karin Strohecker

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up