FII Outflows Impact Indian Markets as Capital Rotates to US Tech
Global equity markets are experiencing a significant shift in capital allocation. India-focused funds reported outflows of approximately $8.5 billion during the first half of 2026, as foreign institutional investors rotated capital toward US technology and AI-centered assets, leading to selective corrections in Dalal Street heavyweight stocks.
China’s Crude Imports Plunge to 8-Year Low on EV Adoption
Simultaneously, China’s crude oil imports have dropped to an eight-year low of under 8 million barrels per day (bpd), settling at 7.8 million bpd. While immediate disruptions in the Strait of Hormuz contributed to the drop, the structural decline is primarily driven by the rapid adoption of electric vehicles, which now account for nearly two-thirds of Chinese domestic passenger car sales, permanently reducing fuel demand.
