Dollar assets are being sold off, Asian markets becoming a new choice for international capital.

The global capital market is experiencing a major turning point. According to the latest data from Bank of America, US stock funds have seen the largest outflow of funds in nearly 3 months; Quebec Savings and Investment Group in Canada announced it will reduce its US assets in its investment portfolio; investment guru Jim Rogers has liquidated all US stock holdings. With the US dollar index falling by nearly 10% so far this year, many institutions are warning that the US dollar may enter a "gradual decline" cycle. In this round of global capital migration, Asian markets have become one of the main beneficiaries. In May, foreign investors bought over $10 billion worth of stocks in markets such as India and South Korea, marking the highest monthly net buying amount since February 2024. "New bond King" Gundlach predicts that, in the context of long-term depreciation of the US dollar, international stock assets represented by emerging markets are expected to continue to outperform the US stock market.