Indian equities bear brunt of emerging market sell-off by FIIs

Written by fe Bureau | Mumbai | Updated: Jan 30 2014, 10:37am hrs
The latest bout of emerging market selloff by FIIs appears to be selective. While markets like South Korea, Thailand, Philippines have observed sharp exits that have erased some of the last years purchases, even Taiwan and Indonesia have witnessed some erosion in year-to-date net purchases. For India, this erosion is more severe (80%) than other three markets that saw close to 40% of the net flow coming off since last Friday. Net FII buying of Indian equities now stands below markets like Taiwan, Indonesia and Qatar.