EM Asia markets saw foreign selling, China leading outflows, while Hong Kong saw inflows.

From Investing.com: 2024-08-12 00:49:00

Emerging markets in Asia faced heavy foreign selling last week, with China leading the outflows. Overall, $6.5 billion was pulled out, with significant amounts from China’s A-Shares and Taiwan. South Korea and India also experienced outflows of over $1 billion each.

Despite market turmoil, Hong Kong saw inflows of $2 billion. Chinese A-shares struggled to regain losses from weak economic data in July, with little support from political meetings for the economy.

Hong Kong stocks, including heavyweights like Tencent Holdings and Alibaba Group, have rebounded from recent lows. Both giants are expected to report their June quarter earnings this week, providing a potential boost for the market.



Read more at Investing.com: EM Asia markets saw foreign selling in last week’s rout, China battered- GS By Investing.com