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China reopening spurs record inflows into emerging market funds: BofA

The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations

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Chinese onshore blue chips went into the break at a five-month peak

Reuters
Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its Covid-19 restrictions on activity, data on Friday from BofA Global Research showed.
 
The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations.
 
Hong Kong’s share benchmark, the Hang Seng Index closed on Friday at an over six-month high ahead of the Lunar New Year Holiday.
 
Chinese onshore blue chips went into the break at a five-month peak.

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First Published: Jan 21 2023 | 12:14 AM IST

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