Asian Equities See Profit Taking After Strong Rally Post Aug 5th

• South Korea: South Korea saw an outflow of $227m yesterday, resulting in a net inflow of $1.209b over the past five trading days. The 5-day average inflow is $242m, the 20-day average shows an outflow of $52m, and the 100-day average inflow is $66m. Year-to-date, South Korea has accumulated substantial inflows totaling $17.921b.
• Taiwan: Taiwan recorded an outflow of $88m yesterday, contributing to a net inflow of $2.239b over the past five trading days. The 5-day average inflow is $448m, while the 20-day average shows an outflow of $240m, and the 100-day average reflects an outflow of $139m. Year-to-date, Taiwan has experienced outflows totaling $7.947b.
• India: India saw an inflow of $482m Tuesday, leading to a net outflow of $38m over the past five trading days. The 5-day average shows a small outflow of $8m, compared to a 20-day average outflow of $157m and a near breakeven at a 100-day average inflow of $1m. Year-to-date, India has seen inflows totaling $1.925b.
• Indonesia: Indonesian equities recorded an inflow of $116m yesterday, leading to a net inflow of $351m over the past five trading days. The 5-day average inflow is $70m, with a 20-day average inflow of $37m and a 100-day average outflow of $12m. Year-to-date, Indonesia has accumulated inflows totaling $588m.
• Thailand: Thailand experienced an inflow of $22m yesterday, resulting in a net outflow of $235m over the past five trading days. The 5-day average outflow is $47m, while the 20-day average shows an outflow of $13m, and the 100-day average reflects an outflow of $21m. Year-to-date, Thailand has experienced outflows amounting to $3.542b.
• Malaysia: Malaysia saw an inflow of $62m yesterday, contributing to a net inflow of $325m over the past five trading days. The 5-day average inflow is $65m, while the 20-day average shows a modest inflow of $6m, and the 100-day average reflects a small inflow of $4m. Year-to-date, Malaysia has seen inflows totaling $283m.
• Philippines: The Philippines recorded an inflow of $10m yesterday, leading to a net inflow of $83m over the past five trading days. The 5-day average inflow is $17m, aligning with the 20-day average inflow of $2m, but there is a 100-day average outflow of $6m. Year-to-date, the Philippines has experienced outflows totaling $404m.

Table 1: EM Asia Equity Flows