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Emerging Market Outflows Are Biggest Since 2016 U.S. Election

Traffic passes the Stock Exchange of Thailand building, center left, as it stands illuminated at night in Bangkok, Thailand, on Jan. 15, 2016. 

Photographer: Dario Pignatelli/Bloomberg

Here’s a warning sign for Asia’s central banks.

Investors have started pulling out of emerging markets with the biggest slump in portfolio flows since the 2016 U.S. presidential election, according to analysts at the Institute of International Finance.