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US$11b in stocks, bonds flow out of Asia's emerging markets after Trump win
Add BT as a preferred sourcePublished Tue, Nov 22, 2016 · 09:50 PM
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Singapore
GLOBAL funds sold about US$11 billion of equities and bonds in Asia's emerging markets after Donald Trump's victory in the US presidential election as expectations for his economic policies sent Treasury yields higher and sparked the dollar's strongest rally in eight years.
India suffered the biggest outflows between Nov 9 and Nov 18, followed by Thailand, according to calculations by Bloomberg using official data. The capital flight trims the year-to-date inflow into India, Indonesia, the Philippines, South Korea, Taiwan and Thailand to around US$55 billion.
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