Foreign Investors Sell Off Asian Equities in February
Global investors pulled 5.36 billion dollars from Asian markets last month as technology valuation concerns grew. South Korea faced the largest regional exit.
Foreign investors continued their retreat from Asian equity markets in February, marking the fourth consecutive month of net selling. The regional selloff was primarily driven by massive outflows from South Korea, where concerns over high technology valuations and escalating geopolitical tensions prompted significant profit-taking.
According to data from the LONDON STOCK EXCHANGE GROUP, which tracks exchanges across the region, international investors withdrew a net $5.36 billion from Asian markets last month. The most severe impact was felt in the South Korean market, which experienced record-breaking foreign outflows totaling $13.67 billion. This shift comes as the benchmark KOSPI index has declined approximately 10.9% so far this month, pressured by investors unwinding positions in major chipmakers.
