ASIA STOCKS
There were strong inflows into recently heavily sold Asian tech stocks on Thursday with Taiwan seeing the largest inflow since Mid August. We also the largest outflow in a month for Malaysian equities on Wednesday.
- South Korea: Saw $366m of inflows yesterday, with the past 5 sessions totaling -$1.61b, while YTD stands at +$13.38b. The 5-day average is -$323m, below both the 20-day average of -$184m and the 100-day average of - $9m.
- Taiwan: Saw $1.35b of inflows yesterday, with the past 5 sessions reaching -$1.20b, while YTD is -$14.80b. The 5-day average is -$241m, below the 20-day average of -$253m and the 100-day average of -$131m.
- India: Saw inflows of $342m Wednesday, with the past 5 sessions now totaling +$954m, while YTD is +$20.28b. The 5-day average is +$265m, below the 20-day average of +$304m but above the 100-day average of +$64m.
- Indonesia: Saw inflows of $98m yesterday, with the past 5 sessions netting +$226m, while YTD flows are +$2.20b. The 5-day average is +$45m, below the 20-day average of +$96m but above the 100-day average of +$13m.
- Thailand: Saw inflows of $25m yesterday, with the past 5 sessions now totaling +$547m, while YTD flows are -$2.76b. The 5-day average is +$109m, significantly above the 20-day average of +$28m and the 100-day average of -$11m.
- Malaysia: Saw outflows of $22m yesterday, with the past 5 sessions netting +$46m, while YTD flows are +$911m. The 5-day average is +$9m, below the 20-day average of +$47m but above the 100-day average of +$15m.
- Philippines: Saw inflows of $6m yesterday, with the past 5 sessions totaling +$51m, while YTD flows are -$258m. The 5-day average is +$10m, slightly below the 20-day average of +$12m but above the 100-day average of -$3m.
Table 1: EM Asia Equity Flows
287 words