INSUBCONTINENT EXCLUSIVE:
South Korea and Taiwan led the region with inflows of $3.7 billion and $1.2 billion, respectively.Foreigners were net buyers of Asian shares
and the trade talks would unwind some tariffs, bolstering world trade.Foreigners net bought stocks worth $5.9 billion last month, the
highest since a $7.1 billion inflow in January 2018, data from South Korea, Taiwan, India, Thailand, the Philippines, Indonesia and Vietnam
battered regional stocks last year."Clouds will clear" for Asia and EM in 2019 as multiple top-down drivers reverse vs 2018, notably a
switch in Fed and Chinese monetary policy bias, easing of China's fiscal policy, a declining US dollar path and potential improvement in
US- China trade relation, said Jonathan Garner, chief Asian equity strategist at Morgan Stanley, in a note.In January, MSCI's broadest
inflows of $3.7 billion and $1.2 billion, respectively.Indonesia received $969 million worth of foreign money in January, while the
Philippines witnessed inflows of about $350 million.On the other hand, foreign investors net sold Indian equities on concerns over
lacklustre third-quarter earnings and uncertainty ahead of the upcoming elections."We think investors shouldn't focus on politics alone as
India is on the cusp of a new earnings cycle
While election remains an event risk in the near term, the medium-term direction of the equity markets will be determined by the earnings
trajectory," said Rajat Agarwal, a strategist at Societe Generale."The slowdown in earnings growth has clearly bottomed out, however, the
strength of the new cycle and the expansion of the earnings pool will depend on the pickup in the capex cycle, on which we are seeing early
