Asian Equities Flows Mixed, Taiwan Equities Continue To Struggle

• South Korea: South Korean equities saw inflows of $397m yesterday the highest in about two weeks, we still have a net outflow of $146m over the past five trading days. The 5-day average outflow is $29m, compared to the 20-day average inflow of $73m and the 100-day average inflow of $94m. Year-to-date, South Korea has experienced substantial inflows totaling $18.55b.
• Taiwan: Taiwan experienced outflows of $117m yesterday, well less than the recent heavy selling with the past five trading sessions have resulted in a net outflow of $4.796b, as foreign investors continue dumping semi conductor stocks, overnight the market took a bit of a breather from this trend with the Philadelphia SE Semiconductor Index falling just 0.30%, following an over 7% fall the prior 5 sessions. The 5-day average outflow is $959m, higher than the 20-day average outflow of $484m and the 100-day average outflow of $108m. Year-to-date, Taiwan has experienced outflows totaling $5.738b.
• India: Indian equities saw inflows of $510m Friday and ending a run of three straight session of selling from foreign investors, although there has still be a net inflow of $641m over the past five trading days. The 5-day average inflow is $128m, below the 20-day average inflow of $227m and higher than the 100-day average outflow of $52m. Year-to-date, India has experienced inflows totaling $4.706b.
• Indonesia: Indonesian equities recorded inflows of $11m yesterday, leading to a net inflow of $30m over the past five trading days. The 5-day average is an outflow of $6m, below the 20-day average inflow of $16m and close to the 100-day average outflow of $14m. Year-to-date, Indonesia has experienced outflows totaling $91m.
• Thailand: Thailand equity markets were closed on Monday for the King's Birthday. Equity flows have been slightly better than the longer term averages with the 5-day average inflow of $2m, better than the 20-day average outflow of $6m and the 100-day average outflow of $27m. Year-to-date, Thailand has seen significant outflows amounting to $3.289b.
• Malaysia: Malaysian equities experienced outflows of $4m yesterday, contributing to a 5-day net outflow of $63m. The 5-day average outflow is $13m, lower than the 20-day average inflow of $12m and the 100-day average outflow of $4m. Year-to-date, Malaysia has experienced inflows totaling $77m.
• Philippines: The Philippines saw outflows of $9m yesterday, resulting in a net inflow of $14m over the past five trading days. The 5-day average inflow is $3m, better than the 20-day average inflow of $4m and the 100-day average outflow of $7m. Year-to-date, the Philippines has seen outflows totaling $457m.

Table 1: EM Asia Equity Flows