{"id":123788,"date":"2021-05-05T07:31:40","date_gmt":"2021-05-05T07:31:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123788"},"modified":"2021-05-05T07:31:40","modified_gmt":"2021-05-05T07:31:40","slug":"asian-equities-see-foreign-inflows-for-first-time-this-year","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/asian-equities-see-foreign-inflows-for-first-time-this-year\/","title":{"rendered":"Asian equities see foreign inflows for first time this year"},"content":{"rendered":"

(Reuters) – Overseas investors turned net buyers of Asian equities in April for the first time this year, helped by signs of economic recovery, with the region posting a strong rebound in manufacturing activity and exports.<\/p>

FILE PHOTO: Currency dealers walk past an electronic board showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of a bank in Seoul, South Korea, March 13, 2020. REUTERS\/Kim Hong-Ji\/File photo<\/figcaption>

The inflows, however, were modest as investors maintained a cautious stance amid risks thrown up by the coronavirus pandemic.<\/p>\n

Foreigners were net buyers of a combined total of $367 million in South Korean, Taiwanese, Philippine, Thai, Vietnamese, Indonesian and Indian stocks last month, data from stock exchanges showed. That compares with an average monthly inflow of $3.7 billion in the second half of last year.<\/p>\n

(GRAPHIC: Foreign investments in Asian equities – )<\/p>\n

South Korea, Taiwan, Indonesia, and Vietnam showed a rise in their manufacturing activity in April, helped by a surge in overseas demand for their goods, with developed economies making a fast recovery from the pandemic fallout.<\/p>\n

Taiwanese equities led the region, with inflows worth $1.9 billion in April, with the economy posting its highest quarterly growth in more than a decade as demand for its tech exports surged.<\/p>\n

\u201cTaiwan\u2019s inflows can be attributed to several factors, including a weakening U.S. dollar, strong export orders and industrial production growth,\u201d Margaret Yang, strategist at DailyFX said.<\/p>\n

Indonesia and South Korea received inflows last month worth $90 million and $65 million, respectively.<\/p>\n

However, Indian equities faced outflows worth $1.3 billion, with the country facing the world\u2019s biggest surge in coronavirus cases.<\/p>\n

India\u2019s daily cases rose by a record high of 382,315 and its death toll also touched a high of 3,780 on Wednesday, raising more pressure on its government to impose a national lockdown.<\/p>\n

Meanwhile, foreigners also sold Philippine shares for the 18th consecutive month in April, as a two-week lockdown in Manila and some other provinces hit its economic activity.<\/p>\n

\u201cThe future outlook (for flows) remains uncertain amid another viral wave that is hitting India and its neighbouring countries,\u201d Daily FX\u2019s Yang said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Overseas investors turned net buyers<\/p>\n","protected":false},"author":3,"featured_media":123787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nAsian equities see foreign inflows for first time this year - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/asian-equities-see-foreign-inflows-for-first-time-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian equities see foreign inflows for first time this year - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – Overseas investors turned net buyers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/asian-equities-see-foreign-inflows-for-first-time-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-05T07:31:40+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Asian-equities-see-foreign-inflows-for-first-time-this-year.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/asian-equities-see-foreign-inflows-for-first-time-this-year\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/asian-equities-see-foreign-inflows-for-first-time-this-year\/\",\"name\":\"Asian equities see foreign inflows for first time this year - 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