Asian Equity Flows Subdued

• South Korea: South Korean equities saw inflows of $207m yesterday, contributing to a net inflow of $469m over the past five trading days. The 5-day average inflow is $94m, lower than the 20-day average of $187m but higher than the 100-day average of $126m. Year-to-date, South Korea has experienced substantial inflows totaling $17.199b.
• Taiwan: Taiwanese equities had inflows of $256m yesterday, contributing to a net outflow of $1.241b over the past five trading days. The recent data suggests a bearish trend with substantial outflows in the short term. The 5-day average outflow is $248m, contrasting with the 20-day average inflow of $59m and the 100-day average inflow of $17m. Year-to-date, Taiwan has accumulated inflows of $3.399b.
• India: Indian equities experienced outflows of $300m Tuesday but saw a total inflow of $937m over the past five trading days. The recent data suggests a strong bullish trend in the short term. The 5-day average inflow is $187m, higher than the 20-day average of $96m. The 100-day average shows a slight outflow of $23m. Year-to-date, India has seen minimal net outflows of $10m.
• Indonesia: Indonesian equities recorded inflows of $38m yesterday, with a net outflow of $355m over the past five trading days. The data shows a predominant negative trend. The 5-day average outflow is $71m, close to the 20-day and 100-day averages of $0m and $8m, respectively. Year-to-date, Indonesia has experienced outflows totaling $348m.
• Thailand: Thai equities saw inflows of $36m yesterday, bringing the 5-day total to a net outflow of $168m. The data shows a predominant negative trend. The 5-day average outflow is $34m, close to the 20-day average of $46m and higher than the 100-day average outflow of $25m. Year-to-date, Thailand has seen significant outflows amounting to $3.262b.
• Malaysia: Malaysian equities experienced inflows of $8m yesterday, contributing to a 5-day net outflow of $17m. The 5-day average outflow is $3m, similar to the 20-day average of $0m and the 100-day average outflow of $3m. Year-to-date, Malaysia has experienced outflows totaling $165m.
• Philippines: Philippine equities saw no net change yesterday, with a 5-day net inflow of $1.7m. Flows into the region have been mixed recently. The 5-day average is $0m, less than the 20-day average outflow of $5m and the 100-day average outflow of $6m. Year-to-date, the Philippines has seen outflows totaling $531m.

Table 1: EM Asia Equity Flows