In recent weeks, Indian stocks have experienced significant outflows, with foreign portfolio investors (FPIs) withdrawing ₹39,315 crore in November, a decrease from October's record outflow of ₹94,000 crore. This trend marks the largest four-week outflow for Indian equities since June 2022. Meanwhile, Chinese equity funds have recorded unprecedented outflows, with major ETFs seeing approximately 40 billion Yuan withdrawn in November, the highest on record and nearly four times greater than the largest outflows observed in the past five years. In the U.S., equity funds excluding ETFs faced outflows of $7.8 billion, as reported by JPMorgan. In contrast, U.S. large-cap equity ETFs attracted substantial inflows, particularly in consumer cyclicals, while government bonds experienced the most significant outflows.