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Asian Equity Flows Turn Positive In the Short-Term

ASIA STOCKS
  • South Korean equities were higher on Thursday (Kospi up 0.98%, Kosdaq up 0.08%), and both up 1% for the past 5 sessions. We saw a 1.25b inflow on Thursday the largest since March 21, with the past 5 session now netting a total inflow of $1.65b. The 5-day average is $331m, above both the 20 day average of $21mm and the longer-term 100-day average at $138m.
  • Taiwan equities rose on Thursday, up 1.19% with a $1.2b inflow, and gaining 2.8% over the past five trading sessions. We had another strong inflow of $1.2b on Thursday, with the past 5 session's seeing a total inflow of $1.15b with the 5-day average now $231m, above both the 20-day average at $32m, while the 100-day average is just $32m.
  • Thailand equities were slightly lower on Thursday, down 0.37% and off 1.84% for the past 5 sessions. Foreign investors continue to sell equities as we now have marked the 16 straight session of selling for a total outflow of $859m with $249m of that coming in the past 5 sessions. The 5-day average is now -$50m, below both the 20-day average at -$40m and the 100-day average at -$25m.
  • Indonesian equities were lower on Thursday, down 0.27%, and off 2.88% for the past 5 sessions. We broke a run of 15 straight sessions of selling from foreign investors, with a large $182m inflows on Thursday which more than covered the prior 5 sessions of outflows. The 5-day average is now $9m, above both the 20-day average at -$17m and the 100-day average at -$4m.
  • Indian equities were higher on Thursday, up 0.33%, and now 1.62% higher for the past 5 sessions. Foreign investors have been purchasing local stocks since the election results were counted with the past 5 sessions netting a inflow of $262m. The 5-day average is now $52m above both the 20-day average at -$51m, and the 100-day average at $11m
  • Malaysian equities were slightly higher on Thursday, up 0.08% although 1.38% lower for the past 5 sessions. Foreign investors have been slightly better buyers recently, with the past 5 sessions seeing an inflow of $88m. the 5-day average is now $17m, above both the 20-day average at $7m and the 100-day average at -$1m.

Table 1: EM Asia Equity Flows

YesterdayPast 5 Trading Days2024 To Date
South Korea (USDmn)1256165615590
Taiwan (USDmn)122411573284
India (USDmn)*81262-3717
Indonesia (USDmn)183183-379
Thailand (USDmn)-55-250-2682
Malaysia (USDmn) *-1888-33
Philippines (USDmn)-4-12.3-478
Total 2667308511584
* Data Up To Jun 11
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