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ASIA STOCKS: Taiwan Continues To Benefit From TSMC Results

ASIA STOCKS

The past week saw outflows across most countries, with the exception of Taiwan, who benefitted from strong TSMC results.

  • South Korea: Recorded outflows of -$2m yesterday, bringing the 5-day total to -$869m. YTD flows remain positive at + $8.028b. The 5-day average is -$174m, worse than the 20-day average of -$134m and the 100-day average of -$66m.
  • Taiwan: Experienced inflows of + $539m yesterday, totaling + $869m over the past 5 days. YTD flows are negative at -$10.145b. The 5-day average is + $174m, better than the 20-day average of + $143m but worse than the 100-day average of -$154m.
  • India: Saw outflows of -$575m on Thursday, with a total outflow of -$962m over the past 5 days. YTD inflows stand at + $1.584b. The 5-day average is -$192m, better than the 20-day average of -$458m but slightly worse than the 100-day average of + $45m.
  • Indonesia: Posted outflows of -$39m yesterday, bringing the 5-day total to -$231m. YTD flows remain positive at + $2.692b. The 5-day average is -$46m, similar to the 20-day average of -$38m and near the 100-day average of + $30m.
  • Thailand: Recorded outflows of -$1m yesterday, totaling -$91m over the past 5 days. YTD flows are negative at -$3.212b. The 5-day average is -$18m, better than the 20-day average of -$38m but worse than the 100-day average of -$10m.
  • Malaysia: Experienced outflows of -$15m yesterday, contributing to a 5-day outflow of -$45m. YTD flows stand at + $608m. The 5-day average is -$9m, better than the 20-day average of -$13m and close to the 100-day average of + $7m.
  • Philippines: Saw no change in flows yesterday, with net outflows of -$4m over the past 5 days. YTD flows are positive at + $93m. The 5-day average is -$1m, in line with the 20-day average of + $4m and the 100-day average of + $5m.

Table 1: EM Asia Equity Flows

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The past week saw outflows across most countries, with the exception of Taiwan, who benefitted from strong TSMC results.

  • South Korea: Recorded outflows of -$2m yesterday, bringing the 5-day total to -$869m. YTD flows remain positive at + $8.028b. The 5-day average is -$174m, worse than the 20-day average of -$134m and the 100-day average of -$66m.
  • Taiwan: Experienced inflows of + $539m yesterday, totaling + $869m over the past 5 days. YTD flows are negative at -$10.145b. The 5-day average is + $174m, better than the 20-day average of + $143m but worse than the 100-day average of -$154m.
  • India: Saw outflows of -$575m on Thursday, with a total outflow of -$962m over the past 5 days. YTD inflows stand at + $1.584b. The 5-day average is -$192m, better than the 20-day average of -$458m but slightly worse than the 100-day average of + $45m.
  • Indonesia: Posted outflows of -$39m yesterday, bringing the 5-day total to -$231m. YTD flows remain positive at + $2.692b. The 5-day average is -$46m, similar to the 20-day average of -$38m and near the 100-day average of + $30m.
  • Thailand: Recorded outflows of -$1m yesterday, totaling -$91m over the past 5 days. YTD flows are negative at -$3.212b. The 5-day average is -$18m, better than the 20-day average of -$38m but worse than the 100-day average of -$10m.
  • Malaysia: Experienced outflows of -$15m yesterday, contributing to a 5-day outflow of -$45m. YTD flows stand at + $608m. The 5-day average is -$9m, better than the 20-day average of -$13m and close to the 100-day average of + $7m.
  • Philippines: Saw no change in flows yesterday, with net outflows of -$4m over the past 5 days. YTD flows are positive at + $93m. The 5-day average is -$1m, in line with the 20-day average of + $4m and the 100-day average of + $5m.

Table 1: EM Asia Equity Flows