Foreign investors are pulling money out of Asian equities, excluding China, due to concerns over high stock valuations and geopolitical tensions in the Middle East. This shift has led to a net divestment of $7.61 billion in countries like India, Indonesia, Thailand, Vietnam, South Korea, Taiwan, and the Philippines, contrasting with last month's net purchases of $759 million driven by optimism over potential U.S. rate cuts. Simultaneously, investors are redirecting funds into Chinese and Hong Kong stocks following Beijing's stimulus measures, with $5.81 billion flowing into China-focused funds. Indian stocks experienced significant outflows of $5.35 billion in October, largely due to disappointing corporate results and valuation concerns, while other markets like Taiwan, South Korea, Thailand, and Indonesia also saw notable outflows.