mitul kotecha, chief emerging-market strategist at toronto dominion bank joins us now. got markets that are fighting all be stress that puts on a population and economy. and in asia, the strength of the dollar is having an impact on asian fx, where do you see the economic pain sitting the heaviest? mitul: there are different forces on different regions. inflation has been an issue across emerging markets. emea has been hurt badly by the war in ukraine, and you've got weakness in currencies that is not going to go away quickly. in latin america, we've had central banks being very aggressive, and having to hike more significantly. brazil and mexico hiked overnight. in asia, playing catch-up. growth is weakening. china is the key, where growth continues to soften. that is weighing, especially on the tray driven economies. there might be some silver lining in economies that were closed such as indonesia, singapore and india which have more domestic consumption. but strong dollar, higher u.s. rates, waste negatively. tom: that divergence in the policy response from the pboc

let's bring in mitul kotecha. great to have you with us. after month, what is driving the outflows? good morning. mitul: good morning. the reality is that there are number of out floors -- outflows from china. the yield differential is playing a role in the as well. there is not that much stimulus at the moment. inflation risk is on the cake up. there have been a number of concerns here. course, china's stance on ukraine is a factor in this as well. dani: china is no longer reporting flows from investors in the bond market, what do you make of it? mitul: the data has stopped being published and the numbers for april were bleak. i would be surprised to see them pick up the flows anytime soon. that said, even shanghai is seeing some improvement. it is a slower process than expected. on the data front, i do not know how quickly we will get that again. manus: it is interesting manus: manus: that you bring up china's. verbatim, if the u.s. insists untying those up further, he could turn it into a dangerous situation, all right really missing this