Foreign investors are piling money into major Asian equity markets outside of China at the fastest pace in seven years this quarter, as vaccine successes add to the global risk-on mood.
Nine regional stock markets have lured a combined $48 billion since Oct 1, the most since the fourth quarter of 2013, according to data compiled by Bloomberg. Japan is leading the way with $27.4 billion, followed by India at $9.2 billion. South Korea and Taiwan have attracted at least $5.5 billion each this quarter.
Funds have also flowed into South Korea, Thailand, Indonesia, Malaysia, the Philippines and Vietnam.
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