Asian Equity Flows

• China Equities on Wednesday saw the largest inflows since July 2023, at 13.6b Yuan, amid a crackdown on quant funds.
• South Korean Equities saw their largest foreign outflows Jan 17th, as investors look to take profit after the KOSPI hit 21 month highs. BoK will hold monetary policy board meeting today to decide on policy rate, widely expected to be unchanged at 3.5%. Nvidia's earnings could have weighed on flows also, expect positive flows today after they beat estimates
• Indonesia has seen positive inflows since the Presidential election, although at a decreasing rate. The Jakarta Composite is nearing all-time highs again, made back on Jan 4th.
• India saw their largest inflow since Jan 25th, the Nifty 50 hit all time highs before trading lower.
• Taiwan saw their largest outflows since Jan 17th, after hitting all time highs on Feb 20th, Nvidia's earnings could have weighed on flows, expect positive flows today after they beat estimates.
• Thailand saw their largest inflow since Dec 19th 2022, the PM has been calling for urgent rate cuts, however this has been rejected by the Central Bank Head. Thai equities currently trade near multi years lows back at levels from 2020.

Table 1: EM Asia Equity Flows