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Economy

Emerging markets see biggest portfolio outflow in 14 months

Asia hit worst as stock plunge in US unsettles investors worldwide

Thailand was among the countries that saw large outflows of capital.   © Reuters

TOKYO -- Emerging markets suffered last week their biggest net portfolio outflows since the 2016 U.S. presidential elections, with Asia taking the biggest hit, data from the International Institute of Finance shows.

Investors pulled out $5.2 billion worth of equities and bonds from the emerging markets that the IIF tracks -- India, Indonesia, South Korea, Thailand, the Philippines, South Africa, Brazil and Hungary -- the biggest outflow since the week ended Nov. 18, 2016.

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