ASIA STOCKS
Another day of muted flows, Taiwan saw the largest outflows likely linked to weakness in the semiconductor space, while South Korea benefitted from Samsung announcing a share buy back program. Thailand saw an inflow well above recent averages, while the rest of Asia EM continued to see outflows following the US election.
- South Korea: Recorded outflows of -$58m yesterday, with a 5-day total of -$884m. YTD flows remain positive at +$5.95b. The 5-day average is -$177m, worse than the 20-day average of -$148m and the 100-day average of -$110m.
- Taiwan: Posted outflows of -$329m yesterday, totaling -$3.75b over the past 5 days. YTD flows remain negative at -$15.11b. The 5-day average is -$750m, worse than the 20-day average of -$205m and the 100-day average of -$222m.
- India: Experienced outflows of -$177m yesterday, with a 5-day outflow of -$465m. YTD flows are negative at -$2.75b. The 5-day average is -$93m, better than the 20-day average of -$265m but worse than the 100-day average of -$12m.
- Indonesia: Posted outflows of -$62m yesterday, bringing the 5-day total to -$258m. YTD flows remain positive at +$1.88b. The 5-day average is -$52m, worse than the 20-day average of -$53m but better than the 100-day average of +$23m.
- Thailand: Recorded inflows of +$49m yesterday, with a total outflow of -$52m over the past 5 days. YTD flows are negative at -$3.68b. The 5-day average is -$10m, better than the 20-day average of -$27m but worse than the 100-day average of -$7m.
- Malaysia: Experienced outflows of -$2m yesterday, contributing to a 5-day outflow of -$37m. YTD flows are positive at +$227m. The 5-day average is -$7m, better than the 20-day average of -$21m but worse than the 100-day average of +$4m.
- Philippines: Saw outflows of -$22m yesterday, with net outflows of -$111m over the past 5 days. YTD flows remain negative at -$212m. The 5-day average is -$22m, worse than the 20-day average of -$15m and the 100-day average of +$3m.
Table 1: EM Asia Equity Flows
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