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ASIA STOCKS: Tech Heavy Asian Markets Continue To See Heavy Outflows

ASIA STOCKS

The tech heavy Asian markets continue to see outflows, Taiwan saw the largest outflow in over 3 years. Indonesian & Malaysian continue to benefit from expected Fed rate cuts, while Indian equities keep making new all time highs.

  • South Korea:  Saw $718m of outflows yesterday, with past 5 sessions now -$1.308b, while ytd is +$15.45b. The 5-day average is -$262m, well below both 20-day average of -$98m & 100-day average of +$19m.
  • Taiwan: Saw $3.09b of outflows yesterday, the largest outflow since March 2021, past 5 sessions have seen a outflow of $4.05b while ytd is -$12.78b the worst in the region. The 5-day average is -$811m, well below the 20-day average of -$120m, and 100-day average of -$172m.
  • India: Saw an inflow of $362m Tuesday, with the past 5 sessions now +$2.89b, while ytd is +$19.14b. The 5-day average is +$740m, well above the 20-day average of +$180m, and the 100-day average of +$52m.
  • Indonesia:  Saw an inflow of $12m yesterday, with the past 5 sessions now +$910m, while ytd has seen +$1.93b. The 5-day average +$182m, above the 20-day average of $94m, and well above the 100-day average of $2m.
  • Thailand:  Saw an outflow of $17m yesterday, with the past 5 sessions now +$145m, while ytd flows are -$3.53b. The 5-day average is -$29m below both the 20-day average of -$9m, and the 100-day average of -$16m.
  • Malaysia:  Saw an inflow of $66m yesterday, with the past 5 sessions now +$283m, while ytd flow are +$820m. The 5-day average is +$57m above both the 20-day average of +$39m and the 100-day average of +$11m.
  • Philippines: Saw a small inflow of $3m yesterday, with the past 5 sessions now +$21m, ytd flows are -$314m. The 5-day average +$4m, below the 20-day average of $8m and slightly above the 100-day average of -$5m.

Table 1: EM Asia Equity Flows

 

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