Investing
Add as a preferred source on GoogleEquities saw about 15 times the $2.1 billion outflow from emerging-market debt.
October’s reported withdrawals from emerging markets varied sharply by asset class: equity outflows reached $31.7 billion, far above the debt total of $2.1 billion for the month.
The gap between the equity and debt figures was $29.6 billion. Equity outflows were about 15 times the debt outflow.
The October withdrawals followed outflows from emerging markets in September.
The SMI closed at 14,967.73; its morning low was 14,726 and its session record was 15,092.56.
NSE listed Nov. 8 as a Diwali Laxmi Pujan holiday and scheduled Muhurat trading; an Oct. 19 circular set equity pre-open for 3:35 a.m. ET (08:35 UTC) and continuous trading from 3:50 a.m. ET (08:50 UTC).
Menzie Chinn estimates equities and mutual funds made up 31% of household net worth, versus 26% in 2000, while inflation-adjusted holdings grew less than they did by the earlier peak.
