Foreigners cash out of key Asian emerging markets ahead of Fed

Foreigners cash out of key Asian emerging markets ahead of Fed

Foreigners are cutting and running in some key Asian emerging markets amid turbulent trading ahead of this week’s Federal Reserve meeting, where policymakers are expected to signal an interest-rate liftoff in March. Bloomberg Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India so far this week, according … Read more