Turkey’s escalating currency crisis and the turmoil in Argentina have rattled developing markets in recent weeks. Data from the IIF, which tracks financial flows, showed emerging equities accounted for all inflows, raking in $7.1 billion, while debt markets suffered $4.8 billion of outflows, their first such loss since June. In July, emerging markets saw portfolio inflows of $13.7 billion. Within equities, the trend of inflows into Chinese stocks and outflows from emerging stocks elsewhere continued. Chinese stocks made up for $5.8 billion of inflows or 82% of all equity inflows in August.

Source: Mint September 05, 2018 07:41 UTC