November 26, 2024 23:15 GMT
ASIA STOCKS: Foreign Investors Dump Taiwan Equities Following Tariff News
ASIA STOCKS
After two sessions of small inflows into Taiwan, they were more than erased on Tuesday with TSMC selling off 2% following Tariffs news from Trump. India saw a large inflow on Monday, the rest of the region continues to struggle to attract inflows post the US election.
- South Korea: Recorded outflows of -$196m yesterday, with a 5-day total of -$469m. YTD flows remain positive at +$5.22b. The 5-day average is -$94m, slightly better than the 20-day average of -$137m, but worse than the 100-day average of -$119m.
- Taiwan: Experienced outflows of -$964m yesterday, with a 5-day total of -$2.23b. YTD flows remain deeply negative at -$16.81b. The 5-day average is -$446m, worse than the 20-day average of -$346m and the 100-day average of -$212m.
- India: Posted inflows of +$1.14b Monday, with a 5-day total of +$957m. YTD flows are negative at -$1.28b. The 5-day average is +$191m, much better than the 20-day average of -$172m and slightly better than the 100-day average of -$5m.
- Indonesia: Recorded outflows of -$37m yesterday, with a 5-day total of -$194m. YTD flows remain positive at +$1.64b. The 5-day average is -$39m, slightly better than the 20-day average of -$50m, but worse than the 100-day average of +$19m.
- Thailand: Posted flat flows ($0m) yesterday, bringing the 5-day total to -$68m. YTD flows are negative at -$3.76b. The 5-day average is -$14m, better than the 20-day average of -$24m, and close to the 100-day average of -$5m.
- Malaysia: Experienced outflows of -$72m yesterday, with a 5-day total of -$169m. YTD flows remain positive at +$73m. The 5-day average is -$34m, worse than the 20-day average of -$25m, and the 100-day average of +$2m.
- Philippines: Posted outflows of -$9m yesterday, with a 5-day total of -$23m. YTD flows remain negative at -$255m. The 5-day average is -$5m, better than the 20-day average of -$17m, but worse than the 100-day average of +$3m.
Table 1: EM Asia Equity Flows
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