Asian companies' earnings have been downgraded for the first time in 16 months, data shows, on concerns over slowing growth in China and on worries that higher inflation and supply chain disruptions would weigh on profits.
Foreigners were net buyers of Asian bonds for a sixteenth consecutive month in September, though the inflows were capped on worries over higher inflation levels and chances of a hawkish shift in major central banks’ policy measures. Overseas investors purchased a combined net total of $3.64 billion in Indonesian, Malaysian, South Korean, Thai and Indian .
Asian equities have seen heavy foreign outflows since the start of this month on concerns about China's property sector and on expectations that major central banks would raise interest rates soon amid concerns about rising inflationary pressures.
Asian equities have seen heavy foreign outflows since the start of this month on concerns about China’s property sector and on expectations that major central banks would raise interest rates soon amid concerns about rising inflationary pressures. Foreigners have sold a combined net total of $3.35 billion in Asian equities this month as of Oct. .
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