Foreign selloff in Asia stocks continues in February; Seoul hardest hit

Tamara Ceaikovski

March 5 : Foreigners sold Asian equities for a fourth straight month in February, as they booked profits and sharply cut exposure to South Korea amid concerns over stretched technology sector valuations and rising geopolitical risks. South Korea saw record foreign outflows of $13.67 billion last month, erasing about $5.36 billion from regional equities, per LSEG data covering exchanges in South Korea, Taiwan, Thailand, India, Indonesia, Vietnam and the Philippines. The U.S. Nasdaq Composite

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