Asian Equity Flows Mixed, Taiwan Ends Run Of Outflows

• South Korea: South Korean equities saw inflows of $62m Friday, with a total net inflow of $352m over the past 5 trading days. The 5-day average inflow is $70m, slightly lower than the 20-day and 100-day averages of $152m and $149m, respectively. Year-to-date, South Korea has experienced substantial inflows totaling $17.1b.
• Taiwan: Taiwanese equities had inflows of $432m Friday, ending a run of 5 straight days of selling from foreign investors with the past 5 trading sessions recorded a net outflow of $2.2b. The 5-day average outflow is $439m, contrasting with the 20-day and 100-day average inflows of $35m and $41m. Year-to-date, Taiwan has accumulated inflows of $4.4b.
• India: Indian equities experienced strong inflows of $929m Thursday, contributing to a 5-day total inflow of $1.7b and now marking 14 straight sessions on buying. The 5-day average inflow is $345m, higher than the 20-day average of $153m. The 100-day average shows a slight outflow of $26m. Year-to-date, India has seen inflows of $163m.
• Indonesia: Indonesian equities recorded outflows of $106m Friday, with a modest 5-day net inflow of $30m. On Tuesday, Indonesia saw it's largest inflow in years, however that flow now looks to be largely wiped out. The 5-day average outflow is $6m, similar to the 20-day and 100-day averages of $8m. Year-to-date, Indonesia has experienced outflows totaling $427m.
• Thailand: Thai equities saw outflows of $71m Friday, bringing the 5-day total to a net outflow of $238m and now marking 27 straight sessions of selling from foreign investors. The 5-day average outflow is $48m, close to the 20-day average of $53m and higher than the 100-day average outflow of $24m. Year-to-date, Thailand has seen significant outflows amounting to $3.2b.
• Malaysia: Malaysian equities experienced outflows of $56m Thursday, contributing to a 5-day net outflow of $141m. The 5-day average outflow is $28m, higher than the 20-day average outflow of $11m and the 100-day average outflow of $3m. Year-to-date, Malaysia has experienced outflows totaling $200m.
• Philippines: Philippine equities saw modest inflows of $7m Friday, with a marginal 5-day net inflow of $0.2m. The 5-day average is flat at $0m, less than the 20-day average outflow of $10m and the 100-day average outflow of $6m. Year-to-date, the Philippines has seen outflows totaling $527m.

Table 1: EM Asia Equity Flows