Dec 5 (Reuters) - Asian stocks were under selling

pressure from foreign investors for a second consecutive month

in November amid worries over potential U.S. tariff hikes on

regional exports under the incoming Donald Trump administration

next year.

Foreigners net withdrew $15.88 billion out of equity markets

in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and

the Philippines, following a net $15.38 billion worth of sales

in the prior month, LSEG data showed. It was their largest

monthly net selling since June 2022.

"What we have seen in November is a reaction to Trump 2.0,

where there are concerns that U.S. President-elect Donald

Trump's protectionist stance could mean a follow-through of his

tariff threats, which may negatively impact Asian export-driven

economies," said Yeap Jun Rong, market strategist at IG.

Last month, Trump pledged to impose significant tariffs on the

United States' three largest trading partners, including China,

a move that could impact regional exports heavily reliant on

strong supply chains with China.

Chetan Seth, an analyst at Nomura, highlighted a bleak

outlook for Asian stocks into 2025, attributing the pessimism to

factors including impending tariffs, trade tensions, a

potentially stronger USD, rising bond yields and less supportive

monetary policies, compounded by China's delay in implementing

anticipated stimulus measures.

Taiwanese stocks witnessed net foreign outflows of $8.41

billion in November, the biggest since April 2022. South Korean

stocks also lost a hefty $3.21 billion, marking a fourth

successive month of capital outflows.

A surge in the dollar after Trump's victory in the Nov. 5

election also dampened investor sentiment, as the dollar index

reached 108.09, its highest level since Nov. 11, 2022.

Foreign investors net sold Indian stocks worth $2.56 billion

after about $11.2 billion worth of net selling in October.

Indonesian, Vietnam and Thai shares also saw foreign

outflows worth $1.06 billion, $461 million and $395 million,

respectively.

"Looking ahead, risk remains with the tail scenarios where

trade disruptions spill over more broadly," said Minyue Liu, a

senior investment specialist at BNP Paribas Asset Management.

"However, positive factors such as US Fed's and ECB's rate

cut, earnings recovery and resilient performance across EM

assets, plus reasonable valuation, should help to attract some

foreign flows into the Asia ex-Japan and the broader Emerging

Market universe."