Global funds pull money from Asia at fastest pace in years

Funds have sold net $11 billion of shares in developing Asia, excluding China, this week

- BLOOMBERG

Overseas investors are pulling money out of emerging Asian stocks at the fastest pace in nearly four years as the escalating conflict in Iran triggers a reassessment of risk across global markets.

Global funds have sold a net $11 billion of shares in developing Asia excluding China this week, set for the largest outflow since March 2022, according to data compiled by Bloomberg. They have withdrawn a record $7.9 billion from Taiwan, roughly $1.6 billion from South Korea, and about $1.3 billion from India.