August 6, 2019 / 2:53 PM / 4 months ago

Nearly $3 billion yanked from emerging markets this week: IIF

LONDON (Reuters) - The U.S.-China trade war escalation has seen nearly $3 billion yanked out of emerging market stocks and bonds this week, financial market flow tracker the Institute of International Finance has estimated.

The rising tensions have seen international investors pull a total of $6.8 billion out of developing markets since last Thursday it added, including more than $2 billion from Chinese equities.

“The current reversal looks similar to the ‘trade tantrum’ experienced in May of this year​​​​​​,” the IIF said.

Reporting by Marc Jones, editing by Karin Strohecker

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