The fund requires an adjective to qualify it, hence, foreign fund makes sense as it means a fund which comes from foreign countries. The trend needs an adjective which needs to be negative in sense because while reading the sentence later we come across the term ‘spoilsport’. Hence, weak trend would be correct to say. We need local or domestic markets with Asian markets as Asian and European markets can not go hand in hand. We are basically showing an effect of Asian market on European market. Hence C-D should be replaced. The correct sentence to say would be: Continuous foreign (A) fund outflows and weak (B) trend in Asian and domestic (C) markets also played spoilsport for the European (D) markets.
