Foreigners turn net buyers of Asian equities in June after 4 months

Foreign investors turned net buyers of Asian shares in June for the first time in five months, as easing coronavirus restrictions and a surge in global liquidity helped by stimulus measures by major central banks bolstered risk appetite.

Overseas investors purchased $4.4 billion worth of regional equities last month, data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed.

They sold $52.84 billion worth of money in those markets over the previous four months.

"The size of the outflows previously, which was the largest since the global financial crisis, likely means foreign investors are now underweight the