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LONDON, Oct 7 (Reuters) - Foreign investors pulled $26.3 billion out of emerging market stocks and bonds in September, the first monthly outflow since June, as a hawkish US Federal Reserve drove up yields and the dollar, a report by the Institute of I...
Foreign investors pulled $26.3 billion from emerging-market stocks and bonds in September, marking the first monthly outflow since June, according to the IIF. Fixed-income assets saw $7 billion of outflows, their first net withdrawal since March. The selling was driven by a hawkish US Fed stance, which pushed Treasury…
Fed hawkishness drives September emerging market outflows, with foreign investors pulling US$26.3 billion from stocks and bonds, says IIF. Read more at straitstimes.com.