From Yahoo Finance: 2024-05-30 16:20:59

Foreign investors withdrew money from emerging market portfolios in April due to concerns about tighter U.S. monetary policy. Outflows from Indian and Indonesian stocks led to a net non-resident portfolio outflow of $0.7 billion, the first since October. Ex-China stock portfolios saw $3.8 billion leave, while ex-China debt saw a $2.7 billion inflow.

Chinese stocks had a $0.6 billion outflow, but China debt had inflows of $0.9 billion in April. Economist Jonathan Fortun attributed emerging market equity outflows to the Federal Reserve’s hawkish stance. Markets now only price in a Fed rate cut for September, compared to earlier expectations of a cut in the first half of 2022.



Read more at Yahoo Finance: Foreigners pull money out of EM portfolios after five months of inflows