Goldman Sachs Global Investment Research APAC portfolio strategy team says that
as of Aug. 31, 2026, foreign investors have net sold $173.5bn from emerging
Asian equity markets excluding China since 2025. Korea led outflows at $109.4bn,
Taiwan $36.3bn and India $23.4bn. Over the same period local institutional
investors posted net inflows of about $114.0bn, led by India ($59.7bn), Korea
($29.1bn) and Taiwan ($22.1bn). Despite continued foreign exits, Korea and
Taiwan equities have risen 90.6% and 62.0% in dollar terms year-to-date,
supported by domestic buying and AI/semiconductor earnings expectations; India’s
market has been sustained mainly by local institutional demand absorbing foreign
selling.
