EM equities see $46 billion exodus in June as South Korea, Taiwan tech selloff rattles investors

Emerging market equities saw a record 46 billion dollars of outflows in June, with South Korea posting its largest monthly equity exit in over 25 years at 30.5 billion dollars and Taiwan losing 18.3 billion dollars, while China saw 14 billion dollars in foreign equity outflows. In contrast, EM debt markets attracted 28.3 billion dollars, signalling investor preference for fixed income over risk assets amid a hawkish US Fed outlook, oil price volatility, and tighter dollar liquidity. First-half EM sovereign issuance reached around 170 billion dollars, indicating capital markets remain accessible even as equity sentiment deteriorates.