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Story summary
- Foreign equity outflows in June totaled $30.5 billion from South Korea, its biggest in 25 years, and $18.3 billion from Taiwan.
- June saw $46.1 billion of emerging-market equity outflows and $28.3 billion of bond inflows.
- Emerging-market portfolios posted a net loss of $17.8 billion for the month.
- IIF chief economist Jonathan Fortun warned that a hawkish Federal Reserve under Kevin Warsh and renewed oil volatility could tighten dollar liquidity and raise emerging-market risk.
