ASIA STOCKS
It has been an interrupted week for flow in Asia with multiple public Holidays. Taiwan has been out majority of the week due to server weather, while South Korea has had public holiday's. The recent stimulus for China has seen a rotation of Indonesia, Thailand & Malaysian equities over the past week, as can be seen by the 5-day averages dropping below the 20-day. Selling of Malaysian equities hit a 2 month high, while Thailand has seen 7 straight sessions of selling.
- Indonesia: Outflows of $71m on Thursday, with the past 5 sessions netting -$318m. YTD flows are +$3.17b. The 5-day average is -$64m, below the 20-day average of +$62m, but above the 100-day average of +$30m.
- Thailand: Outflows of $84m on Thursday, with the past 5 sessions totaling -$385m. YTD flows are -$2.88b. The 5-day average is -$77m, below the 20-day average of +$21m, but above the 100-day average of -$9m.
- Malaysia: Outflows of $71m on Thursday, with the past 5 sessions netting -$210m. YTD flows are +$681m. The 5-day average is -$42m, below both the 20-day average of -$7m and the 100-day average of +$9m.
- Philippines: Inflows of $5m on Thursday, with the past 5 sessions totaling +$28m. YTD flows are +$45m. The 5-day average is +$6m, above both the 20-day average of +$18m and the 100-day average of +$4m.
Table 1: EM Asia Equity Flows
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