After trillions in losses, Asia’s stock rout looks far from overFILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China, Jan 6, 2021. (Reuters)All signs point to more losses ahead for Asian equities after a four-month slump that has wiped out over $2 trillion in value. Fund OutflowsForeign funds have withdrawn a net $40 billion from shares in Asia excluding China this year, according to data compiled by Bloomberg. “We are neutral Asia ex-Japan equities,” BlackRock Investment Institute strategists including Jean Boivin and Wei Li wrote in a note. Southeast Asian shares will also be boosted as regional economies reopen their borders to tourists.

Source: Bangkok Post May 10, 2022 10:16 UTC