EM Asia sees $6 bln inflows in recovery from summer selldown- Goldman Sachs
Investing.com-- Emerging markets in Asia saw strong inflows in the second half of August, Goldman Sachs said in a note, with bargain buying and improving sentiment over lower interest rates drawing investors back in.
Over the past week, GS said that EM Asia stocks saw modest inflows at $0.9 billion, with the ASEAN region, Taiwan and India contributing to a bulk of the inflows. But regional markets recouped a bulk of these losses as sentiment improved, while increasing confidence in U.S. interest rate cuts also spurred buying.
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