SINGAPORE -- Capital has started to pour out of Asian emerging markets as coronavirus outbreaks slow the region's economic recovery while investors price in the likelihood of interest rate hikes in the U.S. and Europe.
Markets
Emerging Asia faces capital outflow risk as Fed signals rate hike
Investors pulled $500m out of COVID-depressed markets in May
The extended lockdown in Malaysia has left the streets of its capital Kuala Lumpur deserted. © Reuters
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