September 30, 2024 23:02 GMT
ASIA: Foreign Investors Selling Asian Equities, Tech Worst Hit
ASIA
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Decent outflows from the tech heavy markets in Taiwan & South Korea on Monday, while investors look to be booking profits after the JCI hit ATH on Sep 19th.
- South Korea: Saw outflows of $799m Monday, with the past 5 sessions reaching -$774m, while YTD flows are +$10.56b. The 5-day average is -$155m, below both the 20-day average of -$310m and the 100-day average of -$34m.
- Taiwan: Saw outflows of $1.4b Monday, with the past 5 sessions netting +$1.31b, while YTD flows are -$11.99b. The 5-day average is +$262m, above the 20-day average of -$115m, but below the 100-day average of -$128m.
- India: Saw inflows of $44m Monday, with the past 5 sessions netting +$1.06b, while YTD flows are +$24.8b. The 5-day average is +$203m, below both the 20-day average of +$363m and the 100-day average of +$117m.
- Indonesia: Saw outflows of $205m Monday, with the past 5 sessions netting -$509m, while YTD flows are +$3.25b. The 5-day average is -$102m, below the 20-day average of +$71m, but above the 100-day average of +$29m.
- Thailand: Saw outflows of $30m Monday, with the past 5 sessions totaling -$65m, while YTD flows are -$2.58b. The 5-day average is -$13m, below the 20-day average of +$46m, but above the 100-day average of -$7m.
- Malaysia: Saw outflows of $61m Monday, with the past 5 sessions netting -$160m, while YTD flows are +$806m. The 5-day average is -$32m, below both the 20-day average of +$5m and the 100-day average of +$11m.
- Philippines: Saw inflows of $2m Monday, with the past 5 sessions totaling +$160m, while YTD flows are +$22m. The 5-day average is +$32m, above both the 20-day average of +$17m and the 100-day average of +$3m.
Table 1: EM Asia Equity Flows
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