Foreign Funds Ditch $50 Billion in Asian Stocks as Oil Shock Dims Prospects

AI Briefing

• – Foreign investors are pulling $50.45 billion out of Asian equities, the largest selloff since 2008.
• – The oil shock from the war is hurting Asian energy supply and economic prospects.
• – Selloff affects markets in South Korea, Taiwan, Thailand, India, Indonesia, Vietnam, and the Philippines.