Insignia Consultants | Trump win triggered 2024 exit by overseas investors from Asian equities
Trump win triggered 2024 exit by overseas investors from Asian equities
4 weeks ago
11994
Jan 7 (Reuters) - Overseas investors turned net sellers of Asian equities in 2024, primarily due to a surge in selling in the last quarter amid concerns that U.S. President-elect Donald Trump's trade policies might hit Asian economies.
They sold a net $15.8 billion worth of equities in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines last year, after buying $26.6 billion in 2023.
They had invested $14.67 billion in the first three quarters, encouraged by expectations of Federal Reserve easing and regional growth. But they later shifted to accelerated selling, hit by a stronger dollar and higher U.S. yields.
