ASIA STOCKS: Asia Outflows Continue Ahead of the US Election.
Outflows across the board in Asia to end last week. Taiwan saw the largest outflow of $693m, which adds to the very large outflow at the end of last month.
• South Korea: Recorded outflows of -$54m Friday, bringing the 5-day total to -$921. YTD flows remain positive at +$7.104b. The 5-day average is -$184m, worse than the 20-day average of -$161m and the 100-day average of -$64m.
• Taiwan: Experienced outflows of -$693m Friday, totaling -$875m over the past 5 days. YTD flows are negative at -$11,559bn. The 5-day average is -$175m, worse than the 20-day average of +$22m and the 100-day average of -$138m.
• Indonesia: Posted outflows of -$7m Friday, bringing the 5-day total to -$169m. YTD flows remain positive at +$2.523b. The 5-day average is -$34m, slightly worse than the 20-day average of -$31m with the 100-day average of +$31m.
• Thailand: Recorded outflows of -$72m Friday, totaling -$285m over the past 5 days. YTD flows are negative at -$3.498b. The 5-day average is -$57m, better than the 20-day average of -$35m and the 100-day average of -$11m.
• Malaysia: Experienced outflows of -$16m Friday, contributing to a 5-day outflow of -$246m. YTD flows stand at +$377m. The 5-day average is -$49m, worse than the 20-day average of -$15m and the 100-day average of +$4m.
• Philippines: Saw outflows of -$22m Friday, with net outflows of -$49m over the past 5 days. YTD flows are positive at +$44m. The 5-day average is -$10m, worse than the 20-day average of +$1m and the 100-day average of +$5m.