Foreign Funds Ditch $50 Billion in Asian Stocks as Oil Shock Dims Prospects

Foreign investors are pulling the most money out of Asia’s key equity markets since the 2008 financial crisis as the oil shock from the war is ripping through Asian energy supply and economic prospects. Foreign investors in the key Asian markets have sold so far in March a net $50.45 billion worth of equities in South Korea, Taiwan, Thailand, India, Indonesia, Vietnam, and the Philippines, according to data from LSEG cited by Reuters. The sum is the highest selloff of Asian equities on these exchanges in one month since…