Foreign outflows rock Asian equities in September amid rate concerns

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Foreign outflows rock Asian equities in September amid rate concerns
France Dernières Nouvelles,France Actualités
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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips - Asian equities suffered massive foreign outflows in September, hit by worries about interest rates remaining higher for a prolonged period in the United States and a surge in Treasury yields.

The U.S. Federal Reserve kept interest rates unchanged last month. However, it projected an increase by year-end, saying the monetary policy will likely be significantly tighter through 2024 to combat inflationary pressures. Taiwanese stocks experienced about $6.27 billion in foreign outflows last month, marking the largest outflow since June 2022.

According to the data, South Korean, Thai, Philippine, Indonesian and Vietnamese equities also posted foreign outflows of $1.69 billion, $628 million, $465 million, $263 million and $165 million.

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