Investing.com — Emerging market stocks have seen sustained outflows over the past week, with Asian markets ex-Japan at the center of the outflows as sentiment toward the region remains weak, according to data from JPMorgan.
Emerging market equity outflows rose to $766 million in the past week, JPM said in a note. Most of the outflows were into Asia-Pacific markets, particularly China, amid ongoing concerns about slowing economic growth and Beijing's half-hearted stimulus efforts.
Excluding China, global emerging market funds saw inflows of $354 million.
The Japanese market, which was at the centre of the market sell-off in early August, saw modest outflows last week, while other developed markets such as Europe and the US saw steady inflows due to improved sentiment towards bargain buying and low interest rates.
China, the region's largest economy, has struggled with a slowing economic recovery and Beijing's half-hearted stimulus efforts and remains a key point of contention in anti-Asian sentiment.
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