Global Funds Pull Money From Asia at Fastest Pace in Years

Overseas investors are pulling money out of emerging Asian stocks at the fastest pace in nearly four years as the escalating conflict in Iran triggers a reassessment of risk across global markets.

Global funds have sold a net $11 billion of shares in developing Asia excluding China this week, set for the largest outflow since March 2022, according to data compiled by Bloomberg. They have withdrawn a record $7.9 billion from Taiwan, roughly $1.6 billion from South Korea, and about $1.3 billion from India.