MUM­BAI:

The Pak Banker - - FRONT PAGE -

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.

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