Asian Equities See Small Inflows

• South Korean equities were higher on Wednesday with the Kospi outperforming the Kosdaq. Foreign investors ended a two-day selling streak, although flows are still negative for the week, while the past 5 trading sessions have seen a $870m inflow. The 5-day average is $174m, above the 20 day average of -$30mm while the longer-term 100-day average is $125m.
• Taiwan equities rallied on Wednesday, with a decent inflow of $602m, although not matching the $1.1b outflow from Tuesday. The past 5 session have seen a total outflow of $161m with the 5-day average now -$32m, the 20-day average at $9.5m, while the 100-day average is just $20m.
• Thailand equities were little changed on Wednesday. Foreign investors continue to sell equities as we now have marked the 15th straight session of selling for a total outflow of $803m with $282m of that coming in the past 5 sessions. The 5-day average is now -$56m, below both the 20-day average at -$34m and the 100-day average at -$24.5m.
• Indonesian equities have now also marked 15 straight sessions of selling from foreign investors, with the past 5 session seeing a net outflow of $173m. The JCI made new ytd lows on Wednesday, before closing little changed. The 5-day average is now -$35m, the 20-day average at -$29m and the 100-day average at -$5.5m.
• Indian equities were slightly higher on Wednesday, although sold off in teh 2nd half of the session. Outflows linked to the election vote count have stopped, and we have now marked three days of inflows for about $1b, the past 5 session have seen a outflow of $395m. The 5-day average is now -$79m, 20-day average is -$81m, both below the 100-day average at $12.35m

Table 1: EM Asia Equity Flows