Foreign capital accelerates withdrawal from stock markets in South Korea and Thailand, with technology stocks becoming the hardest hit sector

Glonghui, February 10th — Due to market concerns over massive capital expenditures related to artificial intelligence, global high-growth technology stocks have faced sell-offs, and the scale of foreign capital outflows from Asian stock markets increased significantly in the first week of February. According to data from the London Stock Exchange Group on the stock markets of South Korea, Thailand, India, Indonesia, Vietnam, and the Philippines, foreign investors made net sales of stocks worth $9.79 billions in the week ending February 6. In contrast, the total net sell-off for the entire month of January was about $3.9 billions. South Korea was hit the hardest, with foreign investors selling $7.48 billions worth of Korean stocks last week, compared to a net inflow of $446 millions in January.