Asian Equity Flows Mixed, Foreign Investors Sell Asia Tech Stocks

• South Korea: South Korean equities saw inflows of $22m yesterday, contributing to a net inflow of $661m over the past five trading days. The 5-day average inflow is $132m, slightly lower than the 20-day average of $182m but higher than the 100-day average of $127m. Year-to-date, South Korea has experienced substantial inflows totaling $19.53b.
• Taiwan: Taiwanese equities had significant outflows of $421m yesterday, resulting in a net outflow of $2.34b over the past five trading days. Recent trends in Taiwanese equities show significant volatility, with large outflows dominating recent activity. The 5-day average flow is -$468m, considerably lower than the 20-day average of -$108m and the 100-day average -$21m. Year-to-date, Taiwan has accumulated inflows of $1.92b.
• India: Indian equities experienced inflows of $643m Friday, contributing to a net inflow of $1.15b over the past five trading days. The 5-day average $230m, lower than the 20-day average of $302m but significantly higher than the 100-day average of -$38m. Year-to-date, India has seen net inflows of $2.64b.
• Indonesia: Indonesian equities recorded inflows of $7m yesterday, resulting in a net inflow of $113m over the past five trading days. The 5-day average is -$23m, below the 20-day average inflow of $14m and the 100-day average -$6m. Year-to-date, Indonesia has experienced outflows totaling $161m.
• Thailand: Thai equities saw outflows of $12m yesterday, contributing to an outflow of $109m over the past five trading days. The 5-day average is -$22m, slightly better than the 20-day average -$29m and the 100-day average of -$26m. Year-to-date, Thailand has seen significant outflows amounting to $3.35b.
• Malaysia: Malaysian equities experienced inflows of $70m yesterday, contributing to a 5-day net inflow of $172m. The 5-day average inflow is $34m, higher than the 20-day average inflow of $4m and the 100-day average outflow of $2m. Year-to-date, Malaysia has experienced minor inflows totaling $83m.
• Philippines: Philippine equities saw outflows of $1m yesterday, with a 5-day net inflow of $1m. The 5-day average inflow is neutral at $0m, better than the 20-day average outflow of $2m and the 100-day average outflow of $7m. Year-to-date, the Philippines has seen outflows totaling $520m.

Table 1: EM Asia Equity Flows