Asian Equity Flows

• China equities saw -1.30b yuan of outflows on Monday, as traders looked to book profits ahead of a busy week for global data and strong recent performance. The 5-day average of 3.15b sits above the 20-day at 2.37B.
• South Korean equities saw saw another day of inflows post Nvidia's earnings, although the momentum is really slowing. Yesterdays "Corporate Value-up Program" announcement failed to live up to expectations causing SK equities to sell off. Negative flows wouldn't be unexcepted today. The 5-day average is now at $65m Vs $322 a week ago, while the 20-day sits at $302m
• Taiwan equities continue to see inflows which has been largely supported by the semiconductor space, although much like SK momentum is slowing, as the 5-day average is now at $242m Vs $322 a week ago, while the 20-day sits at $482m
• Indonesian equities have seen outflows for the past three days now, after the JCI failed to hold above 7350 for the third time last week. the 5-day average has now turned negative to -$8.5m, while the 20-day average is $42m

Table 1: EM Asia Equity Flows