Emerging markets enjoyed in October their second strongest month of portfolio inflows this year, though China suffered another bout of outflows with investors rethinking their exposure to the country, the Institute of International Finance said.
Chinese bond markets have suffered outflows every month since Russia invaded Ukraine in February, with outflows totalling $105.1 billion over nine months. Chinese stock portfolios lost $7.6 billion in October, the most since March. "This shift reflects geopolitical concerns and anxiety that the government’s zero-COVID policy could weigh on China in the medium term."
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