ASIA STOCKS
As expected there was a total reversal in the Tech heavy markets with South Korea & Taiwan experiencing strong outflows on Wednesday, while Thailand ended the 14-day run of outflows with its largest inflow since Sept 6th.
- South Korea: Recorded outflows of -$582m yesterday, bringing the 5-day total to -$705m. However, YTD flows remain positive at +$9.43b. The 5-day average is -$141m, better than the 20-day average of -$216m but worse than the 100-day average of -$58m.
- Taiwan: Experienced significant outflows of -$1.14b yesterday, although the 5-day figure shows inflows of +$829m. YTD flows are deeply negative at -$12.6b. The 5-day average is +$166m, higher than the 20-day average of +$110m and much better than the 100-day average of -$168m.
- India: Saw outflows of -$182m Tuesday with the past 5 sessions showing a more substantial -$2.09b in outflows. YTD inflows are +$3.72b. The 5-day average is -$418m, worse than both the 20-day average of -$225m and the 100-day average of +$71m.
- Indonesia: Recorded outflows of -$22m yesterday and -$87m over the past 5 days. YTD flows are positive at +$2.83b. The 5-day average is -$17m, below both the 20-day average of -$34m and the 100-day average of +$29m.
- Thailand: Posted inflows of +$127m yesterday, though the past 5 sessions saw outflows of -$89m. YTD flows are negative at -$3.04b. The 5-day average is -$18m, similar to the 20-day average of -$17m, and worse than the 100-day average of -$11m.
- Malaysia: Recorded inflows of +$20m Tuesday, bringing the 5-day figure to -$16m. YTD inflows stand at +$564m. The 5-day average is -$3m, better than the 20-day average of -$20m and in line with the 100-day average of +$5m.
- Philippines: Posted inflows of +$15m yesterday and a 5-day total of +$15m, with YTD flows at +$95m. The 5-day average is +$3m, below the 20-day average of +$16m but slightly better than the 100-day average of +$4m.
Table 1: EM Asia Equity Flows
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