Mar 3, 2020 - Economy & Business

Investors sold out of emerging markets in February

Expand chart
Data: Institute of International Finance; Chart: Axios Visuals

Portfolio flows to emerging market assets fell to $3.4 billion last month, as equity flows were negative and debt flows fell by 60% from their January level, data from the Institute of International Finance showed.

Details: Investment in the less developed nations' securities saw a "dramatic collapse of flows in the last one-and-a-half weeks, when the increasing spread of the coronavirus rattled global financial markets," analysts said in a report.

  • "While the impact of coronavirus was first noticeable in January and was contained to China; a wider spread of the infection in recent weeks made a dent in other geographical areas, especially in EM Asia."

Go deeper: Investors jump on the emerging markets bandwagon

Go deeper

1-minute read: 10 fact-based steps to a virus crisis

Illustration: Sarah Grillo/Axios

News about the coronavirus is so big and coming so fast that it's hard to remember what happened just last week, let alone last month.

Here's the quickest possible review of the story so far — how it happened and how the U.S. lost control.

Go deeperArrowMar 28, 2020 - Health

Q&A: Minimizing your coronavirus risk

Illustration: Aïda Amer/Axios

As the coronavirus continues to spread throughout the U.S., Axios is answering readers' questions about the pandemic — how it spreads, who's at risk, and what you can do to stay safe.

What's new: This week, we answer five questions on smokers' vulnerability, food safety, visiting older parents, hair cut needs, and rural vs. urban impact.

The next American struggle: Waiting out the coronavirus

Illustration: Aïda Amer/Axios

There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better. 

Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.

Go deeperArrowMar 30, 2020 - Health