ASIA STOCKS
There is a strong trend emerging with the likes of Indonesia, Philippines, Thailand & Malaysia seeing consistent inflows on the back of the Fed rate cutting cycle, while tech stocks continue to struggle with volatile flows.
- South Korea: Saw outflows of $751m yesterday, with the past 5 sessions reaching -$2.58b, while YTD flows are +$11.81b. The 5-day average is -$517m, below both the 20-day average of -$302m and the 100-day average of -$14m.
- Taiwan: Saw inflows of $1.00b yesterday, with the past 5 sessions netting +$1.81b, while YTD flows are -$14.33b. The 5-day average is +$362m, above the 20-day average of -$319m but below the 100-day average of -$125m.
- India: Saw inflows of $284m Tuesday, with the past 5 sessions netting +$2.29b, while YTD flows are +$21.88b. The 5-day average is +$485m, above both the 20-day average of +$366m and the 100-day average of +$87m.
- Indonesia: Saw inflows of $137m yesterday, with the past 5 sessions netting +$1.54b, while YTD flows are +$3.64b. The 5-day average is +$308m, above both the 20-day average of +$153m and the 100-day average of +$29m.
- Thailand: Saw inflows of $31m yesterday, with the past 5 sessions totaling +$188m, while YTD flows are -$2.57b. The 5-day average is +$38m, below the 20-day average of +$50m and the 100-day average of -$7m.
- Malaysia: Saw inflows of $29m yesterday, with the past 5 sessions netting +$47m, while YTD flows are +$981m. The 5-day average is +$9m, below the 20-day average of +$35m but above the 100-day average of +$16m.
- Philippines: Saw inflows of $30m yesterday, with the past 5 sessions totaling +$65m, while YTD flows are -$193m. The 5-day average is +$13m, above both the 20-day average of +$11m and the 100-day average of -$2m.
Table 1: EM Asia Equity Flows
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