Foreigners Set to Pull Record Capital From Emerging Asia Stocks

Global investors are on track to withdraw a record amount from Asian emerging-market equities excluding China, as surging oil prices due to the Middle East conflict clouds the region’s outlook.

Foreigners have sold about $52 billion of Asian stocks since the war in Iran began, putting the region on track for its biggest monthly outflow in Bloomberg-compiled data going back to 2009. Oil import-reliant markets such as Taiwan, South Korea and India led the selling.