Hedge Funds Dump Asian Stocks at Near Record Pace in June
Hedge funds sold Asian equities at the second-fastest pace in at least five years during June, with Japan recording its largest monthly outflow on record. South Korea's year-to-date inflows were completely erased as sentiment deteriorated.
Hedge funds offloaded Asian equities at the second-highest rate in the past five years during June, according to recent data. The selling spree amounted to a near-record pace of divestment from the region.
Japan was the hardest hit, posting its largest-ever monthly outflow from hedge fund positions. South Korea also experienced a sharp turnaround, with all of the year-to-date inflows into its stock market being wiped out as investor confidence weakened across Asia.
Source: First Squawk