Foreign institutional investors have pulled out funds worth USD 7 billion from Asian equities in January with India witnessing outflows of USD 1.64 billion, says an HSBC report. "Foreign investor sentiment has dipped sharply, with FIIs withdrawing over USD 7 billion of funds so far from Asian equities in 2016 (up to January 24).
This is the highest fund outflow recorded in January since the 2008 global financial crisis" the report said.
"FIIs have been net sellers across the Asian markets, with Korea and Taiwan witnessing the largest outflow at USD 2.4 billion each, as per the report titled "The Flying Dutchman". India witnessed a net outflow of USD 1.64 billion.