Foreign Investors Withdraw $46.1B from Emerging Market Equities in June, South Korea Hit Hardest with $30.5B Outflow

According to the International Institute of Finance (IIF), foreign investors pulled a net $46.1 billion from emerging market equities in June, marking the second consecutive month of overall portfolio outflows from developing economies.

The outflow was primarily driven by massive selloffs in South Korean tech stocks, with foreign investors withdrawing $30.5 billion from the Korean stock market—the largest monthly outflow in over 25 years. However, emerging market bond markets showed resilience, attracting $28.3 billion in inflows during the same period.