ASIA STOCKS
Foreign investors have continued their selling of Asian equities with majority of the outflows coming from Taiwan & South Korean tech stocks, with Samsung now trading near 2023 lows.
- South Korea: Saw outflows of -$348m yesterday, with the past 5 sessions reaching -$1.22b, while YTD flows are +$10.14b. The 5-day average is -$245m, below both the 20-day average of -$302m and the 100-day average of -$48m.
- Taiwan: Saw outflows of -$860m yesterday, with the past 5 sessions netting -$2.83b, while YTD flows are -$13.43b. The 5-day average is -$567m, below the 20-day average of +$8m, and the 100-day average of -$147m.
- India: Saw outflows of -$968m yesterday, with the past 5 sessions netting -$5.35b, while YTD flows are +$19.45b. The 5-day average is -$1.15b, below both the 20-day average of +$12m and the 100-day average of +$85m.
- Indonesia: Saw outflows of -$11m yesterday, with the past 5 sessions netting -$209m, while YTD flows are +$3.07b. The 5-day average is -$42m, below the 20-day average of +$51m, but above the 100-day average of +$31m.
- Thailand: Saw outflows of -$10m yesterday, with the past 5 sessions totaling -$322m, while YTD flows are -$2.96b. The 5-day average is -$64m, below the 20-day average of -$5m and the 100-day average of -$11m.
- Malaysia: Saw inflows of $10m yesterday, with the past 5 sessions netting -$211m, while YTD flows are +$580m. The 5-day average is -$42m, below both the 20-day average of -$16m and the 100-day average of +$7m.
- Philippines: Saw inflows of $8m yesterday, with the past 5 sessions totaling +$57m, while YTD flows are +$87m. The 5-day average is +$11m, below both the 20-day average of +$18m and the 100-day average of +$4m.
Table 1: EM Asia Equity Flows
278 words