<p>Foreign investors turned net buyers of Indian equities as slowing <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> cases boosted hopes of a faster economic recovery from pandemic lows, while other Asian equities faced outflows on caution ahead of the US presidential election.</p>.<p>According to stock exchange data, Indian shares witnessed inflows worth $2.66 billion in October, after seeing an outflow of about $1 billion in the previous month.</p>.<p>On the other hand, South Korea, Taiwan, Philippines, Thailand, Indonesia and Vietnamese equities faced a combined outflow of $2.3 billion, the data showed.</p>.<p>Over the past month, India's benchmark Nifty index has risen about four per cent, compared with MSCI Asia ex-Japan index's gain of 2.9 per cent.</p>.<p>The expected increase in India's weight in the MSCI's global indexes also helped inflows into India last month, said Radhika Rao, economist at DBS Bank.</p>.<p>Thai equities, which have shed 22.7 per cent this year to mark the biggest fall among major world stock indexes, witnessed an outflow of $700 million in October on concerns over the ongoing anti-government protests.</p>.<p>Overall, investors were wary ahead of the US presidential elections, as the prospect of no immediate winner in the race would adversely affect regional markets and risk sentiment</p>.<p>"The base case scenario of a Democratic sweep, as indicated by opinion polls, would intuitively be positive for risk assets, one that goes hand-in-hand with further foreign inflows for Asia," said Jingyi Pan, a Singapore-based market strategist at financial services firm IG.</p>.<p>"That said, there exists risks given potentially prolonged indetermination of the results due to early voting and also a possibility of contest of the results."</p>.<p>US President Donald Trump has repeatedly refused to commit to a peaceful transfer of power if the vote count indicates he has lost to Democratic challenger Joe Biden.</p>.<p>Share markets veered higher in wild Asian trading on Wednesday as results from the US presidential election proved far closer than polls had predicted, leaving the outcome deeply in doubt.</p>
<p>Foreign investors turned net buyers of Indian equities as slowing <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> cases boosted hopes of a faster economic recovery from pandemic lows, while other Asian equities faced outflows on caution ahead of the US presidential election.</p>.<p>According to stock exchange data, Indian shares witnessed inflows worth $2.66 billion in October, after seeing an outflow of about $1 billion in the previous month.</p>.<p>On the other hand, South Korea, Taiwan, Philippines, Thailand, Indonesia and Vietnamese equities faced a combined outflow of $2.3 billion, the data showed.</p>.<p>Over the past month, India's benchmark Nifty index has risen about four per cent, compared with MSCI Asia ex-Japan index's gain of 2.9 per cent.</p>.<p>The expected increase in India's weight in the MSCI's global indexes also helped inflows into India last month, said Radhika Rao, economist at DBS Bank.</p>.<p>Thai equities, which have shed 22.7 per cent this year to mark the biggest fall among major world stock indexes, witnessed an outflow of $700 million in October on concerns over the ongoing anti-government protests.</p>.<p>Overall, investors were wary ahead of the US presidential elections, as the prospect of no immediate winner in the race would adversely affect regional markets and risk sentiment</p>.<p>"The base case scenario of a Democratic sweep, as indicated by opinion polls, would intuitively be positive for risk assets, one that goes hand-in-hand with further foreign inflows for Asia," said Jingyi Pan, a Singapore-based market strategist at financial services firm IG.</p>.<p>"That said, there exists risks given potentially prolonged indetermination of the results due to early voting and also a possibility of contest of the results."</p>.<p>US President Donald Trump has repeatedly refused to commit to a peaceful transfer of power if the vote count indicates he has lost to Democratic challenger Joe Biden.</p>.<p>Share markets veered higher in wild Asian trading on Wednesday as results from the US presidential election proved far closer than polls had predicted, leaving the outcome deeply in doubt.</p>