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Asia's equity shift: Foreigners retreat as bets fade on early US rate cuts

This change in investor behavior comes after two months of substantial buying in November and December 2023, with stock exchanges data showing a combined net sale of $779 million in India, Thailand, Taiwan, South Korea, the Philippines, Vietnam, and Indonesia. Yeap Jun Rong, a market strategist at IG, said these outflows were more indicative of strategic repositioning or profit-taking, rather than a fundamental shift in the broader risk environment. The MSCI Asia-Pacific index shed about 1.7% ...
United States Republic Of South Korea South Korean Chetan Seth Nomura Seth
Source: yahoo.com

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