Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to an escalating conflict between Russia and Ukraine.
According to Refinitiv data, cross-border investors sold Asian equities worth a net $16.23 billion in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, and Thailand in the last month, the highest outflows since net selling of $33.32 billion in March 2020.
In the first quarter of 2022, overseas investors sold regional equities worth a net $31.54 billion, the most since the first quarter of 2020.
“Investor concerns about…
