India sees biggest FII outflow in January

Indian equity markets have seen highest outflows in Asia in January, with foreign institutional investors (FIIs) pulling out $2.62 billion from Indian exchanges.

Source: Unsplash

This was the highest monthly outflow since January 2023.

Source: Unsplash

In January, the Sensex was down 0.4 per cent, while Nifty gained 0.05 per cent.

Source: NSE

Other Asian countries also experienced losses: Hang Seng fell by 5.8 per cent, Shanghai declined 4.3 per cent, Kospi lost 9 per cent, and Jakarta 4.2 per cent.

Source: Pexels

Meanwhile, the Topix index rose 2 per cent, while Nikkei advanced by 2.6 per cent.

Source: Pexels

Apart from India, Sri Lanka saw outflows of $6 million, this month. However, other Asian countries saw inflows.

Source: Unsplash

Japan led with the highest equity inflows of $12.28 billion, followed by South Korea and Taiwan with $2.23 and $1.72 billion, respectively.

Source: Pexels

Thailand got around $803.4 million, Indonesia received around $407 million in inflows, Malaysia $92 million, Philippines $85.2 million, and Vietnam $45 million.

Source: ANI