Asian Equities Flows Muted, Thailand Sees Large Outflow

• South Korea: South Korea recorded an outflow of $173m yesterday, leading to a net inflow of $1.056b over the past five trading days. The 5-day average inflow is $211m, contrasting with the 20-day average outflow of $52m, and a 100-day average inflow of $72m. Year-to-date, South Korea has seen substantial inflows totaling $17.855b.
• Taiwan: Taiwan saw an outflow of $90m yesterday, with a net inflow of $2.744b over the past five trading days. The 5-day average inflow is $549m, while the 20-day average shows an outflow of $362m, and the 100-day average reflects an outflow of $148m. Year-to-date, Taiwan has experienced outflows totaling $8.189b.
• India: India had an inflow of $143m Friday, resulting in a net outflow of $783m over the past five trading days. The 5-day average outflow is $157m, compared to a 20-day average outflow of $110m and a 100-day average near zero. Year-to-date, India has seen inflows totaling $1.653b.
• Indonesia: Indonesian equities registered an inflow of $39m yesterday, leading to a net inflow of $195m over the past five trading days. The 5-day average inflow is $39m, with a 20-day average inflow of $24m and a 100-day average outflow of $8m. Year-to-date, Indonesia has accumulated inflows totaling $364m.
• Thailand: Thailand saw an outflow of $305m yesterday the largest outflow since March, and the third largest outflow since April 2021, leading to a net outflow of $292m over the past five trading days. The 5-day average outflow is $58m, while the 20-day average shows an outflow of $14m, and the 100-day average reflects an outflow of $27m. Year-to-date, Thailand has experienced outflows amounting to $3.616b.
• Malaysia: Malaysia recorded an inflow of $131m yesterday, contributing to a net inflow of $216m over the past five trading days. The 5-day average inflow is $43m, while the 20-day average shows an inflow of $1m, and the 100-day average reflects a small inflow of $3m. Year-to-date, Malaysia has seen inflows totaling $160m.
• Philippines: The Philippines saw an inflow of $25m yesterday, leading to a net inflow of $46m over the past five trading days. The 5-day average inflow is $9m, in line with the 20-day average inflow of $1m, but there is a 100-day average outflow of $7m. Year-to-date, the Philippines has experienced outflows totaling $450m.

Table 1: EM Asia Equity Flows