Asian Equity Flows Negative To Start The Week

• South Korean equities experienced outflows of $377 million yesterday. Despite this, the past 5 trading sessions have netted a total inflow of $500 million. This recent activity aligns with the 5-day average inflow of $99.95 million, which is significantly above the 20-day average of $51.13 million and the longer-term 100-day average of $148.07 million. Year-to-date, South Korean equities have seen a substantial inflow of $16.4b.
• Taiwanese equities saw significant outflows of $1.6b yesterday. However, the past 5 trading sessions recorded a strong net inflow of $899 million. This recent activity surpasses the 5-day average inflow of $179.89 million, which is well above the 20-day average outflow of $56.04 million and the 100-day average inflow of $93.66 million. Year-to-date, Taiwan has accumulated a total inflow of $4.9b.
• Indian equities attracted inflows of $215 million yesterday, contributing to a robust 5-day total inflow of $2b. The 5-day average inflow of $408.05 million is notably higher than the 20-day average of $62.67 million. Despite this, the 100-day average still shows a slight outflow of $18.35 million. Year-to-date, India has seen outflows amounting to $1.35b.
• Indonesian equities experienced outflows of $2 million yesterday. Over the past 5 trading days, Indonesia recorded a total net outflow of $27 million. The 5-day average shows an inflow of $5.32 million, which is an improvement compared to the 20-day average outflow of $22.83 million and the 100-day average outflow of $7.18 million. Year-to-date, Indonesia has experienced outflows totaling $459 million.
• Thai equities had outflows of $30 million yesterday, bringing the 5-day total to a net outflow of $247 million. The 5-day average outflow is $49.38 million, which is slightly below the 20-day average of $53.08 million and more than double the 100-day average of $23.65 million. Year-to-date, Thailand has seen significant outflows amounting to $3,022 million.
• Malaysian equities recorded outflows of $37 million yesterday. The past 5 trading days have seen a total net outflow of $106 million. The 5-day average outflow of $21.18 million is higher than the 20-day average outflow of $5.80 million and the 100-day average outflow of $1.76 million. Year-to-date, Malaysia has experienced outflows totaling $97 million.
• Philippine equities experienced outflows of $7 million yesterday, contributing to a 5-day total outflow of $53.7 million. The 5-day average outflow of $10.74 million is less than the 20-day average outflow of $12.29 million and the 100-day average outflow of $5.98 million. Year-to-date, the Philippines has seen outflows totaling $534 million.

Table 1: EM Asia Equity Flows