When alarm signals come out of a region, small investors thousands of miles away cannot judge the economic strength of individual countries. To reduce their risk, they tend to simply pull their money out of the region altogether and move it somewhere safer.
當某一地區警訊傳出時，遠在萬裡外的小額投資人無從判斷個別國家的經濟體質好壞，在減低風險的考量下，投資人會傾向於乾脆把資金從這個地區抽走，移往更安全的地方。