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UPL 690.00↑6.65(0.97%)
Wipro 404.20↓-0.75(-0.19%)

China reopening spurs record inflows into emerging market funds: BofA

The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations

Reuters

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Chinese onshore blue chips went into the break at a five-month peak

1 min read Last Updated : Jan 21 2023 | 12:14 AM IST

Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its Covid-19 restrictions on activity, data on Friday from BofA Global Research showed. The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)