Asian Equity Flows Positive, Indonesia See largest Inflow For Years

• South Korean equities experienced inflows of $101 million yesterday. Over the past 5 trading sessions, the net inflow totaled $135 million. This aligns with the 5-day average inflow of $26.98 million, which is lower than the 20-day average of $59.01 million and the longer-term 100-day average of $149.29 million. Year-to-date, South Korean equities have seen a substantial inflow of $16.499 billion.
• Taiwanese equities saw outflows of $214 million yesterday. However, the past 5 trading sessions recorded a net inflow of $155 million. The 5-day average inflow of $30.92 million contrasts with the 20-day average outflow of $71.27 million, though it is below the 100-day average inflow of $65.90 million. Year-to-date, Taiwan has accumulated a total inflow of $4.754 billion.
• Indian equities attracted inflows of $103 million yesterday, contributing to a robust 5-day total inflow of $1.756 billion. The 5-day average inflow of $351.23 million is significantly higher than the 20-day average of $73.46 million. Despite this, the 100-day average shows a slight outflow of $18.52 million. Year-to-date, India has seen outflows amounting to $1.243 billion.
• Indonesian equities experienced inflows of $485 million yesterday, the largest inflow since April 2022. Over the past 5 trading days, Indonesia recorded a total net inflow of $503 million. The 5-day average inflow of $100.64 million is a marked improvement compared to the 20-day average inflow of $3.19 million and the 100-day average outflow of $2.38 million. Year-to-date, Indonesia has experienced inflows totaling $26 million.
• Thai equities had outflows of $50 million yesterday, bringing the 5-day total to a net outflow of $250 million. The 5-day average outflow of $49.92 million is close to the 20-day average of $54.13 million and more than double the 100-day average outflow of $23.99 million. Year-to-date, Thailand has seen significant outflows amounting to $3.072 billion.
• Malaysian equities recorded outflows of $35 million yesterday. The past 5 trading days have seen a total net outflow of $129 million. The 5-day average outflow of $25.7 million is higher than the 20-day average outflow of $12.58 million and the 100-day average outflow of $2.38 million. Year-to-date, Malaysia has experienced outflows totaling $132 million.
• Philippine equities saw no change yesterday. Over the past 5 trading days, the total outflow was $48.7 million. The 5-day average outflow of $9.75 million is less than the 20-day average outflow of $12.44 million but higher than the 100-day average outflow of $5.99 million. Year-to-date, the Philippines has seen outflows totaling $534 million.

Table 1: EM Asia Equity Flows