Fed Risks Are Pushing Global Funds to Flee Emerging Asia Stocks Again

“The recession risks and severe monetary tightening in developed economies are hampering Asian earnings expectations and emerging market flows like never before,” Manishi Raychaudhuri, BNP Paribas SA’s head of Asia Pacific equity research, wrote in a Sept. 17 note. Until there is some visibility about the Fed’s policy path, “there seems to be no respite from outflows in Asian EM,” he wrote. 

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