Foreigners sold Asian equities for the fourth consecutive month in February, largely due to profit booking and reduced exposure to South Korea. South Korea saw record foreign outflows of $13.67 billion, erasing about $5.36 billion from regional equities across several countries. Concerns over stretched technology sector valuations and rising geopolitical risks have also impacted Asian markets. South Korean, Taiwan, Thailand, India, Indonesia, Vietnam and the Philippines saw significant foreign outflow in February. Meanwhile, Taiwanese, Indian, Thai, Indonesian and Philippine stocks saw foreign inflows of $4.04 billion.