(Reuters) - Foreign investors sold Asian equities heavily in October on concerns over slowing earnings, higher U.S. interest rates and trade tensions between the United States and China.

The total was the highest in at least 7 years, the data showed.

The outflows were led by Taiwan, South Korea and Indian equities, with each market seeing net sales of about $4 billion or more in the last month.

Graphic: Foreign selling in Asian equities in October https://tmsnrt.rs/2PkUEC1

"It is a run for the doors as risk sentiment was heightened on the backdrop of aggravated concerns over both trade tensions and tightening monetary conditions," said Jingyi Pan, a Singapore-based market strategist at trading and investments provider IG.

The region's growth worries were highlighted by the International Monetary Fund in the last month, which cut its projection for next year, citing trade wars and monetary tightening in some economies.

At the start of this month, the U.S. President Donald Trump said that he will likely make a deal with China on trade, but warned that he still may impose more tariffs on Chinese goods.

Refinitiv data showed 54 percent of Asian companies have missed consensus earning forecasts for the third quarter so far, underscoring a lacklustre earnings performance and worries about the impact from the U.S.-China trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan shed more than 10 percent in October to extend its 2018 losses to 17 percent. However, the index is up 2.6 percent so far this month.

"The sell-off had rendered Asian equities cheaper and certainly boosted the attractiveness of the region, but the outlook remain overcast with the uncertainties of US-China trade ties among others that could continue curbing the return of foreign flows" Pan added.

(Reporting By Patturaja Murugaboopathy and Gaurav Dogra; Editing by Kim Coghill)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)