HSBC Says India 2nd Most Loved Asian Market

HSBC said foreign institutional investors warmed up to Asian equities in November as the region recorded net inflows of $ 5.3 billion, out of which India attracted $ 1.4 billion.

According to the global financial services major, after two consecutive months of sell-offs, FIIs have warmed up to Asian equities and all markets have received positive flows in November.
         

Among Asian economies, China regained the top position as the 'most loved' market, pushing India down to second position in the region, while Thailand was placed at the third spot, it said.     
  

Till November 24, the region recorded net inflow of $ 5.3 million and though all markets received positive flows, Taiwan and India received the major chunk of funds with inflows of $ 2.3 billion and $ 1.4 billion, respectively.     

So far this year, the total FII inflows to Asian equities stood at $ 38.7 billion.