Business Standard

FPIs pull out $10.6 billion from emerging markets in February so far

In the coming days, analysts are predicting a rough ride for EMs on account of multiple factors

FPI
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Pavan Burugula Mumbai
Foreign portfolio investors (FPIs) have sold shares of emerging markets (EMs) worth $10.6 billion in February so far, leading to a steep fall in the benchmark indices across these markets. The MSCI EM index has corrected 4.4 per cent this month. This sell-off was triggered by concerns about US equities and rising bond yields in the world's largest economy. 

Between February 1 and February 8, the US benchmark index Dow Jones Industrial Average fell nine per cent creating a panic among investors. EMs followed suit with South Korea, India and Taiwan falling more than seven per cent from their January

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First Published: Feb 26 2018 | 5:58 AM IST

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