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ASIA STOCKS: Asian Equities Saw Strong Inflows Thursday

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

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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