Foreigners flee Asias winners, but the rally can keep rolling: Raychaudhuri (opens original article in a new tab)

Foreigners are selling Asian equities at record levels, but domestic investors are offsetting the outflows, supporting continued market rallies in North Asia.

• Foreigners sold $134 billion of emerging Asian equities in 2026 through June 12, exceeding 2025's total of $45 billion.
• South Korea's KOSPI rose 88.5% and Taiwan's TAIEX rose over 50% despite record foreign selling.
• Domestic investors in South Korea and Taiwan absorbed foreign selling, with local buying reaching $77 billion and $11 billion respectively in 2026.