Foreign Institutional Investors (FIIs) offloaded equities worth a net ₹144.73 crore last week. This week, the market will be awaiting key inflation data from the US and India for clues on the rate hike trajectory of central banks.
Securities and Commodities Authority SCA, federal financial regulatory agency in United Arab Emirates UAE issued new regulations changing public distribution of foreign funds. Promotion of foreign funds is now limited to private distribution to professional investors.
Global funds ploughed US$9 billion into Chinese onshore stocks in the first two weeks of this year, the most since at least 2018. The asset remains under-owned, US money manager KraneShares says.
Foreign investors withdrew more money from equities in emerging Asian economies in 2022 than they had in any year since the global financial crisis in 2008, as rising US interest rates pulled funds towards dollar assets.