🚨 FOREIGN MONEY IS FLEEING ASIA

📊 Foreign investors have sold a net ~$52 billion in stocks in emerging markets in Asia (excluding China) just in March — the largest capital outflow ever recorded.$ON

This figure:

• Is +49% higher than the COVID 2020 record

• Is +148% higher than the Russia–Ukraine crisis in 2022

📉 The strongest capital outflows are in:$C

• Taiwan

• South Korea

• India

These are all economies that heavily depend on oil imports.$SIREN

⚠️ Context:

Asia consumes about ~80% of the oil that passes through the Strait of Hormuz — a chokepoint being disrupted by conflict.

When energy is squeezed, capital flows out first — and the market is reflecting that.