NEW YORK : Net capital flows to emerging markets rose last month from November and fell more than 75per cent year-on-year, with China the main recipient as investors fear other economies will continue to underperform due to COVID-19, a survey showed on Tuesday.
In stocks, China took in 77per cent of the net flows last month, with US$12.5 billion of the US$16.3 billion total. Last month, the U.S. Federal Reserve accelerated its taper of bond purchases and unveiled more aggressive rate hike projections.
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