Asian Equity Flows Start To Slow After Equities Markets Hit Highs

• China equities had a soft session on Wednesday, one of the countries largest property developers Country Gardens was given a wind-up notice in a HK court a day after it was report China Vanke was in talks to restructure there debt, although inflows remained positive with 1.3B yuan entering the market. The 5-day average is 3.1b, while the 20-day is at 2.81b yuan.
• South Korean equities out-performed in the region on Wednesday following reports Mark Zuckerberg met with LG & Samsung heads were they spoke about AI integration. Foreign equity inflows reach the highest since Feb 2 on this news. Total flows were overall negative for the day as individuals sold a total of $527m vs $473 of foreign buying inflows. The 5-day average is $160m, while the 20-day is at $297m.
• Taiwan equities were closed on Wednesday
• Indonesian broke their 4 days of outflows with a tiny $1.5m of foreign inflows, there was little in the way of headlines. The 5-day average is -$42m, while the 20-day is at $42m.
• Thailand saw $21m of inflows on Wednesday, ahead of BoP Current Account Balance data out later today. The 5-day average is $34m, while the 20-day is at $9m.
• India will see GDP data out later today, while equities markets have positive flow momentum with the 5-day average at $85m vs the 20-day at just $7m

Table 1: EM Asia Equity Flows