ASIA STOCKS
The Tech heavy markets of South Korea & Taiwan saw small inflows on Wednesday, however this is likely to be more than erased today. Thailand has seen 9 straight session of selling, Philippines 6 and Indonesia 5 straight sessions of selling.
- South Korea: Recorded inflows of $279m yesterday, but a 5-day total of -$847m. YTD flows remain positive at +$3.15b. The 5-day average is -$169m, worse than the 20-day average of -$118m and the 100-day average of -$155m.
- Taiwan: Saw inflows of $205m yesterday, with a 5-day total of +$322m. YTD flows remain deeply negative at -$16.62b. The 5-day average is +64m, better than the 20-day average of -$49m and the 100-day average of -$135m.
- India: Posted outflows of -$281m yesterday, with a 5-day total of -$310m. YTD flows remain positive at +$816m. The 5-day average is -$62m, worse than the 20-day average of +$165m and the 100-day average of -$32m.
- Indonesia: Recorded outflows of -$29m yesterday, with a 5-day total of -$394m. YTD flows remain positive at +$1.20b. The 5-day average is -$79m, worse than the 20-day average of -$32m but better than the 100-day average of +$13m.
- Thailand: Saw outflows of -$11m yesterday, with a 5-day total of -$124m. YTD flows are negative at -$4.10b. The 5-day average is -$25m, worse than the 20-day average of -$21m and the 100-day average of -$8m.
- Malaysia: Experienced outflows of -$34m yesterday, with a 5-day total of -$245m. YTD flows are negative at -$831m. The 5-day average is -$49m, close to the 20-day average of -$53m but worse than the 100-day average of -$9m.
- Philippines: Posted outflows of -$8m yesterday, with a 5-day total of -$57m. YTD flows remain negative at -$382m. The 5-day average is -$11m, worse than the 20-day average of -$8m and the 100-day average of +$1m.
Table 1: EM Asia Equity Flows
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