Foreigners were net sellers of Asian equities for the third consecutive month in March, as higher U.S bond yields and a stronger dollar prompted outflows from the region.
Foreign investors were net buyers of Asian bonds last month, with most of the money pouring into China and South Korea, while Indonesia and some other countries saw outflows.
March 10 Foreign investors were net buyers of Asian bonds last month, with most of the money pouring into China and South Korea, while Indonesia and some other countries saw outflows.
Foreigners were net sellers of Asian equities for a second consecutive month in February, hit by a jump in U.S. Treasury yields, which prompted investors to book profits in regional equities.
Foreigners turned net sellers of Asian equities in January, after three consecutive months of buying, as they booked profits amid worries over rising coronavirus cases and lofty stock valuations.
Analysts expect a strong turnaround in profits at Asian companies as regional economies see a surge in factory activity and an expansion in exports, helped by approvals for multiple coronavirus vaccines.
Foreign investors were net sellers of most Asian equities in 2020, deterred by the economic slowdown due to the COVID-19 pandemic, although the flows turned positive in the fourth quarter on hopes of a recovery and vaccine optimism.
Asian equities recorded their biggest foreign inflow in at least 12 years in November, data showed, as promising developments related to COVID-19 vaccines bolstered expectations of a faster regional recovery from the pandemic.
Dec 7 Asian equities recorded their biggest foreign inflow in at least 12 years in November, data showed, as promising developments related to COVID-19 vaccines bolstered expectations of a faster regional recovery from the pandemic.
WINDSOR, England (Reuters) -Queen Elizabeth bade farewell to Prince Philip at a funeral on Saturday that celebrated his seven decades of service and gave grandsons William and Harry the chance to talk in public for the first time since claims of racism threw the family into crisis.