Asian Equity Flows Remain Mixed, India See Inflows Post Election

• South Korean equities edged lower on Monday, and ended two days of solid inflows with a small -$90m outflow, the past 5 trading sessions has still netted a total inflow of just under $1b. The 5-day average is $196m, now above the 20 day average of -$30m and the longer-term trend at $140m.
• Thailand equities made new yearly lows on Monday, foreign investors continue to sell equities as we now have marked the 13th straight session of selling for a total outflow of $666m with $209m of that coming in the past 5 sessions. The 5-day average is now -$42m, below both the 20-day average at -$27m and the 100-day average at -$24m.
• Indonesian equities have now also marked 13 straight sessions of selling from foreign investors, with the past 5 session seeing a net outflow of $147m. The JCI did trade slightly higher on Monday, although we still trade below 7,000. The 5-day average is now -$29.50m, the 20-day average at -$35.5m and the 100-day average at -$4m.
• Philippines equities were lower on Monday, flows recently have been largely mixed with the past 5 trading sessions have seen a net outflow of -$28m. The 5-day average is -$6m, below the 20-day average at -$10m and the 100-day average at -$5m.
• Indian equities are now trading back above pre-election levels, we ended three days of heavy outflows on Friday with an inflow of $641m, with the past 5 trading sessions have seen a net outflow of $1.38b. The 5-day average is now -$277m, 20-day average is -$147m, both below the 100-day average at $10.75m

Table 1: EM Asia Equity Flows