Investing.com– There was a steady outflow of capital from emerging-market stocks over the past week, with Asia, excluding Japan, leading the outflow as sentiment towards the region remained faint, according to data from JPMorgan.

Emerging-market stocks saw outflows rise to $766 million over the past week, JPM said in a note. Most of that was directed to Asia-Pacific markets, particularly China, amid ongoing concerns about slowing economic growth and Beijing’s moderate stimulus measures.

Excluding China, global emerging market funds saw inflows of $354 million.

Japanese markets, which were at the centre of a market meltdown in early August, saw modest capital outflows last week, while other developed markets such as Europe and the US saw steady capital inflows on bargain-buying and improving sentiment around lower interest rates.

China remains a major sticking point in sentiment toward Asia as the region’s largest economy grapples with a slowing recovery and Beijing’s muted stimulus efforts.